CONTRACTONGOING

Utilities Infrastructure Loan with US Bank VRA Pool

Town of Lovettsville logoTown of Lovettsville
Disclosed value
$1,305,000 (original), $710,000 (current principal as of 6/30/2025)
From budget
Document date
Jun 17, 2026
Renews
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The 30-second brief

What it covers

US Bank, through the Virginia Resources Authority Pooled Financing Program, continues to hold a loan for $1,305,000 originated in 2015 for utilities infrastructure, with $710,000 remaining and maturing October 2027.

Who holds it

Us Bank (Virginia Resources Authority Pooled Financing Program) holds this financial services contract with Town of Lovettsville.

What happens next

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Contract details

Contract type
Financial Services
Amount
$1,305,000 (original), $710,000 (current principal as of 6/30/2025)
Document date
June 17, 2026
Term
Origination: 2015; Maturity: October 2027
Renews
On record
Vendor
Us Bank (Virginia Resources Authority Pooled Financing Program)
Source document
Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget)

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Questions about this contract

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

Us Bank (Virginia Resources Authority Pooled Financing Program) was awarded this financial services contract by Town of Lovettsville, as recorded on June 17, 2026. The contract value is $1,305,000 (original), $710,000 (current principal as of 6/30/2025).

How much is the Us Bank (Virginia Resources Authority Pooled Financing Program) contract with Town of Lovettsville worth?

The Us Bank (Virginia Resources Authority Pooled Financing Program) contract with Town of Lovettsville is valued at $1,305,000 (original), $710,000 (current principal as of 6/30/2025), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Lovettsville Budget Fiscal Year 2027 Adopted Budget & Fiscal Year 2027-2031 Capital Improvement Plan 2026-07-01 (Budget), dated June 17, 2026 from Town of Lovettsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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