Industrial Development Authority of Danville Regular Meeting Agenda 2026-06-09
IDA Renews Financing Note with Atlantic Union Bank
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Description
The IDA of Danville renewed its outstanding note with Atlantic Union Bank in the amount of $652,093.65 for the property at 500 Stinson Drive. This action authorizes a continuation of the existing financing.
Contract Details
Contract Amount
$652,093.65
Vendor
ATLANTIC UNION BANK
Agency
City of Danville, VA
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Renewal Info
Existing note is renewed for an additional term; specific renewal term not listed in agenda.
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