FINANCIAL_SERVICESONGOING

USDA-RD Debt to Be Retired Using Purchase Funds

The resolution notes that Montvale Water Incorporated will use the Authority’s purchase funds to pay off its existing debt to USDA-Rural Development in a lump sum at closing. This payoff will secure release of the USDA-RD deed of trust on MWI’s real property.

Status
ONGOING
Document date
November 18, 2025
Contract type
FINANCIAL_SERVICES
Vendor
United States Department of Agriculture – Rural Development
Agency
Bedford Regional Water Authority · VA

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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Existing USDA-RD loan to be paid off in full at closing; no renewal or extension contemplated.
Document type
Resolution
Source document
Bedford Regional Water Authority Resolution Montvale Water Debt 2025-11-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Bedford Regional Water Authority?

United States Department of Agriculture – Rural Development was awarded this financial services contract by Bedford Regional Water Authority, as recorded on November 18, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Bedford Regional Water Authority Resolution Montvale Water Debt 2025-11-18 (Resolution), dated November 18, 2025 from Bedford Regional Water Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States Department of Agriculture – Rural Development hold?

United States Department of Agriculture – Rural Development 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 United States Department of Agriculture – Rural Development's profile

What is Bedford Regional Water Authority currently buying?

Explore Bedford Regional Water Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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