CONTRACTPENDING

Off the Rails Restaurant Partnership in St. Albans

Disclosed value: $90,000; From agenda
Document date: Jul 11, 2022
Term: 5 years

What it covers

City of St. Albans is considering a public/private partnership agreement with Off the Rails, a new restaurant, to facilitate its opening in the former One Federal space. The agreement includes a $90,000 loan at 2% interest, to be repaid from restaurant profits over five years, and a $40,000 loan at the city's borrowing cost, along with a $75,000 line of credit at 1% for cash flow.

Who holds it

Off the Rails holds this loan contract with City of St. Albans. Its other public contracts on record include work for City of Laconia.

What happens next

Term as filed: 5 years.

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Contract details

Contract type: Loan
Amount: $90,000
Document date: July 11, 2022
Term: 5 years
Vendor: Off the Rails
Agency: City of St. Albans
Source document: city-of-st-albans-agenda-2022-07-11_b44.pdf (Agenda)

Off the Rails's other public contracts

City of Laconia, New HampshireOff The Rails OLS license May–October 2026 · Apr 1, 2026Undisclosed City of Laconia, New HampshireDecision delayed on Off The Rails loudspeaker permit · Apr 1, 2026Undisclosed City of Laconia, New HampshireOff The Rails seeks seasonal outdoor loudspeaker permit · Apr 1, 2026Undisclosed City of Laconia, New HampshireOff The Rails Receives Entertainment License Approval · Mar 4, 2026Undisclosed City of Laconia, New HampshireOutdoor Loudspeaker Permit for Off The Rails Tabled · Mar 4, 2026Undisclosed All Off the Rails contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of St. Albans?

Off the Rails was awarded this loan contract by City of St. Albans, as recorded on July 11, 2022. The contract value is $90,000.

How much is the Off the Rails contract with City of St. Albans worth?

The Off the Rails contract with City of St. Albans is valued at $90,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-st-albans-agenda-2022-07-11_b44.pdf (Agenda), dated July 11, 2022 from City of St. Albans. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Off the Rails hold?

Off the Rails may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of St. Albans currently buying?

Explore City of St. Albans's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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