CONTRACTAPPROVED

Palmyra Reimbursement Agreement Covers Virtus Utility Advance

Palmyra village logoPalmyra village
Disclosed value
$113,184.20
From agreement
Approved
Sep 16, 2026

The 30-second brief

What it covers

The Village of Palmyra entered into a utility payment reimbursement agreement with Virtus Development, Inc. for a $113,184.20 advance related to the Westfield Development project. Virtus must reimburse the Village within 30 days after the Village makes the utility payment, subject to a 25% late charge for delinquency.

Who holds it

Virtus Development Inc holds this contract with Palmyra village.

What happens next

Term as filed: Reimbursement due within thirty (30) calendar days after the Village makes payment to WE Energies.

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Contract details

Amount
$113,184.20
Document date
September 16, 2026
Term
Reimbursement due within thirty (30) calendar days after the Village makes payment to WE Energies
Vendor
Virtus Development Inc
Source document
Village of Palmyra Agreement Utility Payment Reimbursement Agreement 2026-09-16 (Agreement)

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Questions about this contract

Who was awarded the government contract by Palmyra village?

Virtus Development Inc was awarded this government contract by Palmyra village, as recorded on September 16, 2026. The contract value is $113,184.20.

How much is the Virtus Development Inc contract with Palmyra village worth?

The Virtus Development Inc contract with Palmyra village is valued at $113,184.20.

What type of contract is this?

This is a government contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Village of Palmyra Agreement Utility Payment Reimbursement Agreement 2026-09-16 (Agreement), dated September 16, 2026 from Palmyra village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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