County Amends VRA Lease for Parks Facility Purchase
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Description
Roanoke County approved an amendment with Virginia Resource Authority to reallocate up to $4,775,000 from prior lease financing toward property acquisition and renovation for Parks, Recreation, and Tourism, instead of new construction. Board ratified all related lease/amendment documentation.
Contract Details
Contract Amount
Up to $4,775,000 (from 2022B Fall Lease Financing proceeds)
Vendor
VIRGINIA RESOURCE AUTHORITY
Agency
Roanoke County, VA
Contract Type
FINANCIAL_SERVICES
Document Date
September 10, 2024
Contract Term
Lease financing (2022B): amendment as of September 2024
Renewal Date
2024-09-10
Renewal Info
This is an amendment to the 2022 lease financing; reflects new scope and use of funds for project.
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