presque-isle-city-council-meeting-minutes-june-4-2025_ca4.pdf
Presque Isle Approves $150K Loan for Homeless Services
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Description
Presque Isle City Council approves $150,000 short-term bridge loan to Homeless Services of Aroostook from city reserves, aimed at supporting essential services and stability during a financial transition. The loan will be jointly managed by the City's Finance Director and the Interim City Manager, with terms and oversight outlined in a formal agreement.
Contract Details
Contract Amount
$150,000
Vendor
HOMELESS SERVICES OF AROOSTOOK
Agency
Town of Hodgdon, ME
Contract Type
Loan
Document Date
June 4, 2025
Contract Term
12 months
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