FINANCIAL_SERVICESRECOMMENDED

VRA Recommends Surry YMCA Financing Loan

VRA staff recommended approval of up to $24.275 million in VirginiaHELPS financing for Surry County. The loan would fund construction of a new YMCA facility, with a term of up to 20 years and lease revenue security.

Document date · September 4, 2026

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
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WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
Up to $24,275,000 plus VRA cost of issuance
Contract type
FINANCIAL_SERVICES
Contract term
Up to 20 years
Renewal date
2046-09-04
Renewal
Not a renewal; proposed new financing to be procured via direct bank placement RFP. Term and interest rate were to be determined based on commercial bank responses.
Document type
Report
Source document
Virginia Resources Authority Report County of Surry Credit Analysis 2026-09-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Virginia Resources Authority (VRA)?

Virginia Resources Authority was awarded this financial services contract by Virginia Resources Authority (VRA), as recorded on September 4, 2026. The contract value is Up to $24,275,000 plus VRA cost of issuance.

How much is the Virginia Resources Authority contract with Virginia Resources Authority (VRA) worth?

The Virginia Resources Authority contract with Virginia Resources Authority (VRA) is valued at Up to $24,275,000 plus VRA cost of issuance, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Virginia Resources Authority Report County of Surry Credit Analysis 2026-09-04 (Report), dated September 4, 2026 from Virginia Resources Authority (VRA). Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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