Town of Abingdon Awards Financial Services Contract to Virginia Resources Authority (vra) (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

$4,174,371 loan; principal forgiveness totaling $3,557,675

Contract type

FINANCIAL_SERVICES

Contract term

0% interest rate; repayment term of up to 30 years; repayment scheduled to begin in Fiscal Year 2028

Renewal

Loan repayment term is up to 30 years; no renewal or extension option is stated.

Document type

AgendaPacket

Source document

Town of Abingdon AgendaPacket Town Council Meeting 2026-09-08

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APPROVED

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ONGOING

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Abingdon?

Virginia Resources Authority (vra) was awarded this financial services contract by Town of Abingdon, as recorded on September 8, 2026. The contract value is $4,174,371 loan; principal forgiveness totaling $3,557,675.

How much is the Virginia Resources Authority (vra) contract with Town of Abingdon worth?

The Virginia Resources Authority (vra) contract with Town of Abingdon is valued at $4,174,371 loan; principal forgiveness totaling $3,557,675, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Abingdon AgendaPacket Town Council Meeting 2026-09-08 (AgendaPacket), dated September 8, 2026 from Town of Abingdon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Resources Authority (vra) hold?

Virginia Resources Authority (vra) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Virginia Resources Authority (vra)'s profile

What is Town of Abingdon currently buying?

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

View Town of Abingdon's profile