FINANCIAL_SERVICESONGOING

US Bank VRA Utilities Loan Nearing Maturity

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.

Status
ONGOING
Document date
July 1, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Us Bank (virginia Resources Authority Pooled Financing Program)
Agency
Town of Lovettsville · VA

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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
$1,305,000 original loan; current principal balance $710,000 as of 6/30/25
Contract type
FINANCIAL_SERVICES
Contract term
Origination 2015; maturity date October 2027
Renewal date
2027-10-31
Renewal
Fixed-term pooled financing loan maturing October 2027; no renewals or extensions are indicated.
Document type
Budget
Source document
Town of Lovettsville Budget Fiscal Year 2027 Proposed Budget & Capital Improvement Plan 2026-07-01

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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 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.

What other contracts does Us Bank (virginia Resources Authority Pooled Financing Program) hold?

Us Bank (virginia Resources Authority Pooled Financing Program) 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 Us Bank (virginia Resources Authority Pooled Financing Program)'s profile

What is Town of Lovettsville currently buying?

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

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