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Town of Urbanna Awards $540,897 Loan Contract to Thurston Properties (July 2024)

Town of Urbanna
Disclosed value
$540,897.00
From agenda
Approved
Jul 11, 2024
Term
15 years

The 30-second brief

What it covers

Town of Urbanna authorizes issuance of note for $1,020,000.00 to finance acquisition of real property. Thurston Properties, LLC will be paid sum of $540,897.00 on april 1, 2024. Interest rate of 5.00% per annum for 15 years.

Who holds it

Thurston Properties holds this loan contract with Town of Urbanna.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Loan
Amount
$540,897.00
Document date
July 11, 2024
Term
15 years
Vendor
Thurston Properties
Agency
Town of Urbanna
Source document
town-of-urbanna-agenda-2024-07-11_97e.pdf (Agenda)

Thurston Properties's other public contracts

Town of Urbanna, VirginiaPotential Real Estate Acquisition from Thurston Properties · Sep 6, 2024UndisclosedTown of Urbanna, VirginiaDiscussing acquisition of property from Thurston Properties · Sep 6, 2024UndisclosedTown of Urbanna, VirginiaTown of Urbanna agrees to $540,897 note · Feb 22, 2024$540.9KTown of Urbanna, VirginiaThurston Properties Receives Municipal Facilities Lease Approval · Jan 1, 2024$51.6KTown of Urbanna, VirginiaUrbanna completes land swap with Thurston Properties · Nov 18, 2021UndisclosedAll Thurston Properties contractsVendor profile

More Town of Urbanna contracts

Urbanna Main Street (Ums)Urbanna Main Street MOU for Sign Project Remains Pending · Sep 10, 2026UndisclosedMPPDCTown Records $19,425 Payment to MPPDC · Sep 10, 2026$19.4KUrbanna Oyster Festival FoundationOyster Festival Foundation Required to Provide Liability Coverage · Sep 10, 2026UndisclosedLocal Solutions IncTown Engages Local Solutions for Administrative Consulting · Sep 10, 2026UndisclosedMarr, Wm Jr EsquireTown Records $15,000 Payment to Wm. Marr · Sep 10, 2026$15KAll Town of Urbanna activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Urbanna?

Thurston Properties was awarded this loan contract by Town of Urbanna, as recorded on July 11, 2024. The contract value is $540,897.00.

How much is the Thurston Properties contract with Town of Urbanna worth?

The Thurston Properties contract with Town of Urbanna is valued at $540,897.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-urbanna-agenda-2024-07-11_97e.pdf (Agenda), dated July 11, 2024 from Town of Urbanna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Thurston Properties hold?

Thurston Properties 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 Urbanna currently buying?

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

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