FINANCIAL_SERVICESPENDING

Town of Vail Subordinate Loan for Housing Project

The Town of Vail will provide a 0% interest, subordinate cash flow loan to Vail Home Partners Corporation using $10 million of town revenue and additional Certificate proceeds to finance a multifamily housing development. The loan, evidenced by a promissory note, is junior to the Borrower’s 2025 Housing Facilities Revenue Bonds and will be disbursed through a trustee to cover project costs.

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

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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
$[10,000,000] plus $[_____] in Certificate proceeds (total principal $[_____])
Contract type
FINANCIAL_SERVICES
Contract term
Loan shall remain outstanding until all amounts under the Note have been fully paid and satisfied; bears interest at 0%
Renewal
The loan remains in effect so long as any sums remain outstanding on the Promissory Note; no fixed maturity date or renewal 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 $[10,000,000] plus $[_____] in Certificate proceeds (total principal $[_____]).

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 $[10,000,000] plus $[_____] in Certificate proceeds (total principal $[_____]), 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.

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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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