City of Danville Awards Financial Services Contract to Virginia Community Capital (October 2023)
City of DanvilleCity · Danville, VA- Disclosed value
- $1,360,504 (combined outstanding balance to be refinanced)
- From agendapacket
- Approved
- Oct 17, 2023
The 30-second brief
Danville City Council approved a support structure to allow the Industrial Development Authority to refinance and consolidate its existing loans with Virginia Community Capital and VSBFA into a single $1,360,504 obligation. The new financing, backed by the City’s moral obligation support, will be repaid over ten years and is secured by a deed of trust on 500 Cane Creek Parkway.
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.
Term as filed: Maturity date ten years from the date of the note.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,360,504 (combined outstanding balance to be refinanced)
- Document date
- October 17, 2023
- Term
- Maturity date ten years from the date of the note
- Agency
- City of Danville
- Source document
- City of Danville AgendaPacket Regular Meeting 2023-10-17 (AgendaPacket)
Virginia Community Capital's other public contracts
More City of Danville contracts
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 October 17, 2023. The contract value is $1,360,504 (combined outstanding balance to be refinanced).
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 $1,360,504 (combined outstanding balance to be refinanced), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Danville AgendaPacket Regular Meeting 2023-10-17 (AgendaPacket), dated October 17, 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.