FINANCIAL_SERVICESONGOING

Matta River CDA Established for Kalahari Resort

The Board adopted Ordinance No. 2023-01 creating the Matta River Community Development Authority and acknowledged an existing Performance Agreement with Kalahari VA, LLC, the County, and the Economic Development Authority to finance infrastructure for a planned hotel, convention center, and waterpark resort. The CDA anticipates issuing up to $221.25 million in bonds, supported by quarterly payments of designated tax revenues.

Status
ONGOING
Document date
May 9, 2023
Contract type
FINANCIAL_SERVICES
Vendor
Kalahari Va Llc
Agency
Spotsylvania County · VA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Estimated maximum CDA bond issuance of $221,250,000
Contract type
FINANCIAL_SERVICES
Contract term
Bonds to mature not more than 30 years after issue; Performance Agreement dated September 28, 2022 with term set forth therein
Renewal
The Performance Agreement dated September 28, 2022 governs quarterly payments of Performance Revenues over its stated term; CDA bonds are expected to mature within 30 years of issuance. Renewal or amendment terms for the agreement are not detailed in these minutes.
Document type
Minutes
Source document
Spotsylvania County Board of Supervisors Minutes 2023-05-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Spotsylvania County?

Kalahari Va Llc was awarded this financial services contract by Spotsylvania County, as recorded on May 9, 2023. The contract value is Estimated maximum CDA bond issuance of $221,250,000.

How much is the Kalahari Va Llc contract with Spotsylvania County worth?

The Kalahari Va Llc contract with Spotsylvania County is valued at Estimated maximum CDA bond issuance of $221,250,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Spotsylvania County Board of Supervisors Minutes 2023-05-09 (Minutes), dated May 9, 2023 from Spotsylvania County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kalahari Va Llc hold?

Kalahari Va Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Spotsylvania County currently buying?

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