FINANCIAL_SERVICESPENDING

Town Explores VRA Fall Pool For Project Funding

South Hill’s advisor is pursuing a non-binding application to the 2026 Virginia Resources Authority Fall Pool as a potential 20-year financing option for the Town’s capital projects. The VRA structure could offer lower interest costs than bank loans but features a 10-year non-call period and delayed rate lock.

Status
PENDING
Document date
August 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Virginia Resources Authority
Agency
Town of South Hill · VA

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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
Approximately $22,930,000 par amount (preliminary) with total sources of $24,260,650
Contract type
FINANCIAL_SERVICES
Contract term
20 years (estimated closing 11/17/2026; final maturity 11/1/2046)
Renewal date
2046-11-01
Renewal
Preliminary 20-year pooled financing; standard VRA structures include a 10-year non-call period with no interim renewals.
Document type
Agenda
Source document
South Hill Town Council Agenda 2026-08-10

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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 South Hill?

Virginia Resources Authority was awarded this financial services contract by Town of South Hill, as recorded on August 10, 2026. The contract value is Approximately $22,930,000 par amount (preliminary) with total sources of $24,260,650.

How much is the Virginia Resources Authority contract with Town of South Hill worth?

The Virginia Resources Authority contract with Town of South Hill is valued at Approximately $22,930,000 par amount (preliminary) with total sources of $24,260,650, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in South Hill Town Council Agenda 2026-08-10 (Agenda), dated August 10, 2026 from Town of South Hill. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia Resources Authority hold?

Virginia Resources Authority 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's profile

What is Town of South Hill currently buying?

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

View Town of South Hill's profile

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