City of Danville Awards Financial Services Contract to Virginia Resources Authority (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $16,500,000

Contract type

FINANCIAL_SERVICES

Contract term

Up to 40 years; bonds payable not later than December 31, 2047

Renewal date

2047-12-31

Renewal

Bond financing documents include a supplemental trust agreement and financing agreements with VRA. Final terms, principal amount, and amortization schedule are to be set by VRA and the City Manager within the authorized parameters.

Document type

AgendaPacket

Source document

City of Danville AgendaPacket Regular Meeting September 15, 2026

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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 September 14, 2026. The contract value is Not to exceed $16,500,000.

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 Not to exceed $16,500,000, 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 City of Danville AgendaPacket Regular Meeting September 15, 2026 (AgendaPacket), dated September 14, 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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