FINANCIAL_SERVICESRECOMMENDED

Farmville Plans Loan with Benchmark for Police Vehicles

The Town of Farmville is considering entering a 48‑month unsecured loan agreement with Benchmark Community Bank, not to exceed $337,000 at a fixed 4.35% rate, to finance the purchase of five police vehicles included in the FY2027 Capital Improvement Program. The Town Manager and Finance Director would be authorized to execute all necessary loan and closing documents.

Status
RECOMMENDED
Document date
July 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Benchmark Community Bank
Agency
Town of Farmville town · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $337,000
Contract type
FINANCIAL_SERVICES
Contract term
48 months
Renewal
Single 48‑month fixed‑rate loan with no prepayment penalty; no renewals or extensions are described.
Document type
AgendaPacket
Source document
Town of Farmville AgendaPacket Town Council Meeting 2026-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Farmville town?

Benchmark Community Bank was awarded this financial services contract by Town of Farmville town, as recorded on July 8, 2026. The contract value is Not to exceed $337,000.

How much is the Benchmark Community Bank contract with Town of Farmville town worth?

The Benchmark Community Bank contract with Town of Farmville town is valued at Not to exceed $337,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Town of Farmville AgendaPacket Town Council Meeting 2026-07-08 (AgendaPacket), dated July 8, 2026 from Town of Farmville town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Benchmark Community Bank hold?

Benchmark Community Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Benchmark Community Bank's profile

What is Town of Farmville town currently buying?

Explore Town of Farmville town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Farmville town's profile

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