US Bank VRA Utilities Loan Nearing Maturity
Town of LovettsvilleCity · VA- Disclosed value
- $1,305,000 original loan; current principal balance $710,000 as of 6/30/25
- From budget
- Document date
- Jul 1, 2026
- Renews
- Free account
The 30-second brief
Lovettsville continues to pay a US Bank loan under the Virginia Resources Authority Pooled Financing Program for utilities infrastructure and infiltration/inflow mitigation. The 2015 loan totaled $1,305,000 at 3.125% interest and has a $710,000 balance remaining, with final maturity in October 2027.
Us Bank (Virginia Resources Authority Pooled Financing Program) holds this financial services contract with Town of Lovettsville.
The renewal date is on record. A free account shows it, with the renewals for every Town of Lovettsville contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,305,000 original loan; current principal balance $710,000 as of 6/30/25
- Document date
- July 1, 2026
- Term
- Origination 2015; maturity date October 2027
- Renews
- Free account
- Vendor
- Us Bank (Virginia Resources Authority Pooled Financing Program)
- Agency
- Town of Lovettsville
- Source document
- Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget)
Us Bank (Virginia Resources Authority Pooled Financing Program)'s other public contracts
More Town of Lovettsville contracts
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 July 1, 2026. The contract value is $1,305,000 original loan; current principal balance $710,000 as of 6/30/25.
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 loan; current principal balance $710,000 as of 6/30/25, 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 Proposed Budget & Capital Improvement Plan 2026-07-01 (Budget), dated July 1, 2026 from Town of Lovettsville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What is Town of Lovettsville currently buying?
Explore Town of Lovettsville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.