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CONTRACTRENEWED
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IDA refinances 500 Cane Creek Parkway with VCC loan renewal

City of Danville
Disclosed value
Not to exceed $1,081,766.00
From agendapacket
Document date
Jul 11, 2023
Renews
Free account

The 30-second brief

What it covers

The Industrial Development Authority authorized a loan renewal with Virginia Community Capital for up to $1,081,766 to refinance the property at 500 Cane Creek Parkway. The 10‑year loan will amortize over 20 years with an initial 5‑year fixed interest rate and a subsequent 5‑year reset period.

Who holds it

Virginia Community Capital holds this financial services contract with City of Danville. Its other public contracts on record include work for Botetourt County and Nelson County.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Danville contract.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $1,081,766.00
Document date
July 11, 2023
Term
120 months total; 20-year amortization, 5-year fixed then 5-year reset
Renews
Free account
Vendor
Virginia Community Capital
Agency
City of Danville
Source document
Industrial Development Authority AgendaPacket 2023-07-11 (AgendaPacket)

Virginia Community Capital's other public contracts

Botetourt County, VirginiaVirginia Community Capital Previously Administered IRF Loan · Oct 16, 2026UndisclosedNelson County, VirginiaVCC Finances Health Department Renovation Project · Feb 13, 2024UndisclosedCity of Danville, VirginiaCity backs IDA refinancing of Cane Creek loans · Oct 17, 2023City of Danville, VirginiaCity refinances note with Virginia Community Capital · Oct 17, 2023UndisclosedCity of Danville, VirginiaIDA Approves $1.08M Loan Renewal With VCC · Jul 11, 2023All Virginia Community Capital contractsVendor profile

More City of Danville contracts

Boomershine Consulting GroupBoomershine to Assess Retirement COLA Impacts · Oct 20, 2026UndisclosedCrane SurveyCrane Survey Conducted Preliminary Property Survey · Oct 13, 2026UndisclosedWiseman, Paige C.Danville Recommends Wiseman Berry Hill Easement · Oct 4, 2026Virginia Resources AuthorityVirginia Resources Authority Assists Berry Hill Pipeline Financing · Oct 4, 2026Appalachian PowerDanville Authorizes Appalachian Power Megasite Service · Oct 4, 2026UndisclosedAll City of Danville activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Danville?

Virginia Community Capital was awarded this financial services contract by City of Danville, as recorded on July 11, 2023. The contract value is Not to exceed $1,081,766.00.

How much is the Virginia Community Capital contract with City of Danville worth?

The Virginia Community Capital contract with City of Danville is valued at Not to exceed $1,081,766.00, 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 Industrial Development Authority AgendaPacket 2023-07-11 (AgendaPacket), dated July 11, 2023 from City of Danville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Virginia Community Capital hold?

Virginia Community Capital 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 Danville currently buying?

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

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