FINANCIAL_SERVICESAPPROVED

Hampton Roads Sanitation District Awards Financial Services Contract to Virginia Resources Authority (June 2026)

HRSD approved a 20-year, $6,439,410 low-interest loan agreement with the Virginia Resources Authority through the Virginia Community Flood Preparedness Fund to finance the Army Base Treatment Plant Generator Controls Replacement project. The 1.2% fixed-rate financing is expected to save about $2.95 million in interest versus traditional debt issuance.

Status
APPROVED
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Resources Authority
Agency
Hampton Roads Sanitation District · VA

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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$6,439,410 loan (interest fixed at 1.2%)
Contract type
FINANCIAL_SERVICES
Contract term
20-year loan term
Renewal date
2046-06-23
Renewal
Long-term financing agreement with a fixed 20-year term; no renewal options are described, and repayment will follow the amortization schedule in the Financing Agreement.
Document type
Minutes
Source document
Hampton Roads Sanitation District Minutes June 23, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hampton Roads Sanitation District?

Virginia Resources Authority was awarded this financial services contract by Hampton Roads Sanitation District, as recorded on June 23, 2026. The contract value is $6,439,410 loan (interest fixed at 1.2%).

How much is the Virginia Resources Authority contract with Hampton Roads Sanitation District worth?

The Virginia Resources Authority contract with Hampton Roads Sanitation District is valued at $6,439,410 loan (interest fixed at 1.2%), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hampton Roads Sanitation District Minutes June 23, 2026 (Minutes), dated June 23, 2026 from Hampton Roads Sanitation District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Resources Authority hold?

Virginia Resources Authority 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 Virginia Resources Authority's profile

What is Hampton Roads Sanitation District currently buying?

Explore Hampton Roads Sanitation District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Hampton Roads Sanitation District's profile

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