FINANCIAL_SERVICESONGOING

Town of Vail Subordinate Loan for Housing Project

The Town of Vail, Colorado is extending a 0% interest, subordinate cash-flow loan to Vail Home Partners Corporation in an original principal amount of $[_____], funded by $[10,000,000] of Town revenue and additional Certificates of Participation proceeds, to finance a multifamily affordable housing development in Vail. The loan is subordinate to Housing Facilities Revenue Bonds and remains in effect until the related Promissory Note is fully repaid.

Status
ONGOING
Document date
January 1, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Vail Home Partners Corporation
Agency
Town of Vail · CO

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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
$[_____] (comprised of $[10,000,000] of available revenue of the Lender and $[_____] of the proceeds of the Certificates)
Contract type
FINANCIAL_SERVICES
Contract term
Effective as of _________ __, 2025 and remaining in effect so long as sums remain outstanding on the Note
Renewal
The loan has no fixed maturity date and remains effective so long as there are sums outstanding on the Note; no automatic renewal or extension options are specified.
Document type
Contract
Source document
loan_agreement_town_of_vail_and_vail_home_partners.pdf

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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 Vail?

Vail Home Partners Corporation was awarded this financial services contract by Town of Vail, as recorded on January 1, 2025. The contract value is $[_____] (comprised of $[10,000,000] of available revenue of the Lender and $[_____] of the proceeds of the Certificates).

How much is the Vail Home Partners Corporation contract with Town of Vail worth?

The Vail Home Partners Corporation contract with Town of Vail is valued at $[_____] (comprised of $[10,000,000] of available revenue of the Lender and $[_____] of the proceeds of the Certificates), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in loan_agreement_town_of_vail_and_vail_home_partners.pdf (Contract), dated January 1, 2025 from Town of Vail. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vail Home Partners Corporation hold?

Vail Home Partners Corporation 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 Vail Home Partners Corporation's profile

What is Town of Vail currently buying?

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

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