Civic IQ
FINANCIAL_SERVICESDISCUSSED

USDA Police Headquarters Loan Application Discussed

The Town Board discussed its USDA Rural Development loan pre-application for a new police headquarters, with a proposed amount just under $12.5 million. USDA recommended withdrawing the application because of the Town's debt service coverage ratio and reapplying at a later time.

Document date · August 17, 2026

Issuing agencyTown of GibsonvilleVendorUsda Rural Development

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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
Just under $12.5 million
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years
Renewal
The application is expected to be withdrawn, with the possibility of reapplying in the future; no loan renewal terms were established.
Document type
Minutes
Source document
Town of Gibsonville Minutes Board of Aldermen Meeting 2026-08-17

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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 Gibsonville?

Usda Rural Development was awarded this financial services contract by Town of Gibsonville, as recorded on August 17, 2026. The contract value is Just under $12.5 million.

How much is the Usda Rural Development contract with Town of Gibsonville worth?

The Usda Rural Development contract with Town of Gibsonville is valued at Just under $12.5 million, 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 Town of Gibsonville Minutes Board of Aldermen Meeting 2026-08-17 (Minutes), dated August 17, 2026 from Town of Gibsonville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Usda Rural Development hold?

Usda Rural Development 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 Usda Rural Development's profile

What is Town of Gibsonville currently buying?

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

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