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Loan secured to support Fir Street project

City of Shelley logoCity of Shelley
Disclosed value
$5,000,000
From minutes
Document date
Aug 27, 2025
Term
30 years

The 30-second brief

What it covers

DEQ has offered $5 million at 2.75% interest for 30 years, with a contract expected at City Hall next week. Part of this loan will support the Fir Street project to address the funding shortfall.

Who holds it

State Department of Environmental Quality holds this loan contract with City of Shelley. Its other public contracts on record include work for Town of Stanardsville and Kay County.

What happens next

Term as filed: 30 years.

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Contract details

Contract type
Loan
Amount
$5,000,000
Document date
August 27, 2025
Term
30 years
Vendor
State Department of Environmental Quality
Agency
City of Shelley
Source document
city-of-shelley-work-meeting-minutes-august-27-2025_6b1.pdf (Minutes)

State Department of Environmental Quality's other public contracts

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Questions about this contract

Who was awarded the loan contract by City of Shelley?

State Department of Environmental Quality was awarded this loan contract by City of Shelley, as recorded on August 27, 2025. The contract value is $5,000,000.

How much is the State Department of Environmental Quality contract with City of Shelley worth?

The State Department of Environmental Quality contract with City of Shelley is valued at $5,000,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-shelley-work-meeting-minutes-august-27-2025_6b1.pdf (Minutes), dated August 27, 2025 from City of Shelley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does State Department of Environmental Quality hold?

State Department of Environmental Quality may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Shelley currently buying?

Explore City of Shelley's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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