Active SLED Opportunity · VIRGINIA · VIRGINIA
AI Summary
The Town of Vinton, Virginia seeks proposals for a direct bank loan via a General Obligation Bond up to $2.5M to fund capital improvements for the Vinton War Memorial building and grounds, with project completion expected within 12 months.
The Town of Vinton, Virginia (the âTownâ) is issuing this Request for Proposals (the âRFPâ) to solicit proposals for a direct bank loan evidenced by a Tax-Exempt or Taxable General Obligation Bond, Series 2026 in a principal amount of up to $2,500,000 (the â2026 Bondâ).Proceeds of the 2026 Bond will be used to fund capital improvements to a Town-owned and Town-maintained War Memorial building and grounds (the âProjectâ) as well as pay the costs of issuance. The Project is expected to be completed, and the proceeds of the borrowing are expected to be expended within twelve months of closing.
SLED stands for State, Local, and Education. These are solicitations issued by state governments, counties, cities, school districts, utilities, and higher education institutions — as opposed to federal agencies.
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