CONTRACTPENDING

City Plans Treasury STRIPS Purchase for Easement Funding

Disclosed value: $473,304; From agendapacket
Document date: Sep 15, 2026

What it covers

Virginia Beach is preparing to purchase U.S. Treasury STRIPS with up to $473,304 to fund the principal obligation associated with the agricultural preservation easement acquisition. The securities will support a 25-year installment purchase structure.

Who holds it

U.S. Treasury holds this financial services contract with City of Virginia Beach. Its other public contracts on record include work for Town of Danville and county OF SONOMA.

What happens next

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

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Contract details

Contract type: Financial Services
Amount: $473,304
Document date: September 15, 2026
Term: Treasury STRIPS to fund the City's principal obligation under the Installment Purchase Agreement; principal obligation due 25 years from the agreement date
Vendor: U.S. Treasury
Agency: City of Virginia Beach
Source document: City of Virginia Beach AgendaPacket City Council Agenda and Items 2026-09-15 (AgendaPacket)

U.S. Treasury's other public contracts

Town of Danville, CaliforniaDanville Purchases U.S. Treasury Investment · Oct 20, 2026$2M county OF SONOMA, CaliforniaCounty Approves Annual Equitable Sharing Agreement with Treasury · Oct 13, 2026Undisclosed Sonoma County, CaliforniaCounty Approves Annual Treasury Sharing Agreement · Oct 10, 2026Undisclosed Town of Belleair Shore, FloridaFederal Treasury Deposit Recorded By Town · Sep 21, 2026$420 Town of Danville, CaliforniaDanville Reports U.S. Treasury Investment Purchase · Sep 15, 2026$1.5M All U.S. Treasury contractsVendor profile

More City of Virginia Beach contracts

Virginia Department of Historic ResourcesVirginia Beach Plans Historic Restoration MOU With State Agency · Oct 20, 2026$500K Moseley ArchitectsMoseley Architects Under Contract for Training Academy Design · Oct 6, 2026Undisclosed Eaton, Melvin H. IiVirginia Beach Considers $473,304 Agricultural Easement Acquisition · Sep 15, 2026$473.3K Black BrandVirginia Beach Plans $25,000 Black Diamond Sponsorship · Sep 15, 2026$25K Wild Works of Whimsy LLCFarmers Market Lease Approved for Wild Works of Whimsy · Sep 1, 2026Undisclosed All City of Virginia Beach activityAgency profile

Questions about this contract

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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What other contracts does U.S. Treasury hold?

U.S. Treasury 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 Virginia Beach currently buying?

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

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