City Plans Treasury STRIPS Purchase for Easement Funding | City of Virginia Beach | U.S. TREASURY

Scope & details

The full contract record, as filed.

Contract amount

$473,304

Contract type

FINANCIAL_SERVICES

Contract term

Treasury STRIPS to fund the City's principal obligation under the Installment Purchase Agreement; principal obligation due 25 years from the agreement date

Renewal

No renewal provision stated; securities are intended to fund the principal obligation due 25 years from the Installment Purchase Agreement date.

Document type

AgendaPacket

Source document

City of Virginia Beach AgendaPacket City Council Agenda and Items 2026-09-15

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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 Virginia Beach?

U.s. Treasury was awarded this financial services contract by City of Virginia Beach, as recorded on September 15, 2026. The contract value is $473,304.

How much is the U.s. Treasury contract with City of Virginia Beach worth?

The U.s. Treasury contract with City of Virginia Beach is valued at $473,304, 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 Virginia Beach AgendaPacket City Council Agenda and Items 2026-09-15 (AgendaPacket), dated September 15, 2026 from City of Virginia Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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