FINANCIAL_SERVICESPENDING

City Plans $16.5M Utility Revenue Bond Issue

Danville City Council is moving to issue up to $16.5 million in utility system revenue bonds, likely through the Virginia Resources Authority pooled financing program. The bonds will fund major water, wastewater, and electric infrastructure improvements over terms up to 40 years.

Status
PENDING
Document date
August 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Resources Authority
Agency
City of Danville · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $16,500,000 (bond principal)
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years from bond issuance dates
Renewal
Revenue bonds will have fixed maturities up to 40 years; future refundings or additional series would require new Council actions.
Document type
AgendaPacket
Source document
City of Danville AgendaPacket Regular Meeting 2026-09-01

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Frequently asked questions

Common questions about this contract, answered from the record.

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

Virginia Resources Authority was awarded this financial services contract by City of Danville, as recorded on August 28, 2026. The contract value is Up to $16,500,000 (bond principal).

How much is the Virginia Resources Authority contract with City of Danville worth?

The Virginia Resources Authority contract with City of Danville is valued at Up to $16,500,000 (bond principal), 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 2026-09-01 (AgendaPacket), dated August 28, 2026 from City of Danville. 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 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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