FINANCIAL_SERVICESPENDING

Hiway Theater seeks modified repayment of anchor grant

Hiway Theater has asked Jenkintown Borough to modify repayment of its $247,000 Anchor Building Grant loan, proposing interest-free monthly payments of $250 starting September 1, 2026. The change would replace the previously scheduled 10‑year repayment at $2,058 per month and be formalized in a Modification Agreement.

Status
PENDING
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Hiway Theater
Agency
Borough of Jenkintown · PA

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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
$247,000 principal; proposed $250/month starting September 1, 2026 with no interest
Contract type
FINANCIAL_SERVICES
Contract term
Proposed monthly payments of $250 starting September 1, 2026 until $247,000 principal repaid; original schedule was 120 months at $2,058/month through September 1, 2036
Renewal date
2036-09-01
Renewal
Original loan repayment schedule was extended from a 2011 payoff to a new plan beginning September 1, 2026 with 120 monthly payments of $2,058 through September 1, 2036; the theater now requests a further modification to $250/month, interest-free, with periodic reviews and a formal Modification Agreement.
Document type
AgendaPacket
Source document
Jenkintown Borough Council Agenda Packet 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Jenkintown?

Hiway Theater was awarded this financial services contract by Borough of Jenkintown, as recorded on July 20, 2026. The contract value is $247,000 principal; proposed $250/month starting September 1, 2026 with no interest.

How much is the Hiway Theater contract with Borough of Jenkintown worth?

The Hiway Theater contract with Borough of Jenkintown is valued at $247,000 principal; proposed $250/month starting September 1, 2026 with no interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Jenkintown Borough Council Agenda Packet 2026-07-22 (AgendaPacket), dated July 20, 2026 from Borough of Jenkintown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hiway Theater hold?

Hiway Theater 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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