CONTRACTPENDING

Town approves $2M financing for real estate purchase

Disclosed value: $2,000,000; From meeting minutes
Document date: Oct 30, 2024
Term: 10 years

What it covers

Town of Duck approves Resolution 24-15, allowing installment financing debt for approximately $2 million to purchase real property at 101, 103 Scarborough Lane, and 1165 Duck Road. The 1.53-acre land, owned by the Herron family, will be used for undetermined public purposes.

Who holds it

Herron Family holds this installment financing agreement contract with Town of Duck. Its other public contracts on record include work for City of Ducktown and Town of Duck Hill.

What happens next

Term as filed: 10 years.

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Contract details

Contract type: Installment Financing Agreement
Amount: $2,000,000
Document date: October 30, 2024
Term: 10 years
Vendor: Herron Family
Agency: Town of Duck
Source document: town-of-duck-meeting-minutes-2024-10-30_342.pdf (Meeting Minutes)

Herron Family's other public contracts

City of Ducktown, TennesseeContract approval for property acquisition from Herron Family · Nov 6, 2024Undisclosed Town of Duck, North CarolinaTown acquires real estate property from Herron Family · Nov 6, 2024Undisclosed City of Ducktown, TennesseeReal Property Purchase Approved for Herron Family · Nov 6, 2024Undisclosed Town of Duck, North Carolinatown-of-duck-agenda-2024-11-06_ade.pdf · Nov 6, 2024Undisclosed Town of Duck Hill, MississippiTown Council approves Herron Family real estate contract · Nov 6, 2024Undisclosed All Herron Family contractsVendor profile

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Questions about this contract

Who was awarded the installment financing agreement contract by Town of Duck?

Herron Family was awarded this installment financing agreement contract by Town of Duck, as recorded on October 30, 2024. The contract value is $2,000,000.

How much is the Herron Family contract with Town of Duck worth?

The Herron Family contract with Town of Duck is valued at $2,000,000, covering installment financing agreement work.

What type of contract is this?

This is a Installment Financing Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-duck-meeting-minutes-2024-10-30_342.pdf (Meeting Minutes), dated October 30, 2024 from Town of Duck. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Herron Family hold?

Herron Family 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 Town of Duck currently buying?

Explore Town of Duck's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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