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Wells County Foundation Seeks $1M Credit Line

Town of Poneto logoTown of Poneto
Disclosed value
$1,000,000
From minutes
Document date
Jul 8, 2025

The 30-second brief

What it covers

Wells County Foundation is seeking a $1M line of credit at 5% interest to capitalize a Land Trust for acquiring and revitalizing Bluffton real estate assets, aimed at addressing blight and underutilization.

Who holds it

Wells County Foundation holds this line of credit contract with Town of Poneto. Its other public contracts on record include work for Northern Wells Community Schools and Town of Union.

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Contract details

Contract type
Line Of Credit
Amount
$1,000,000
Document date
July 8, 2025
Term
NA
Vendor
Wells County Foundation
Agency
Town of Poneto
Source document
wells-county-council-meeting-minutes-july-8-2025_006.pdf (Minutes)

Wells County Foundation's other public contracts

Northern Wells Community Schools, IndianaFoundation Donation for ADA Playground Accepted · Jul 28, 2026$5KNorthern Wells Community Schools, IndianaGrant Agreement with Wells County Foundation Approved · Jun 9, 2026$3.4KTown of Union, IndianaWells County Foundation opioid services agreement approved · Mar 16, 2026UndisclosedTown of Union, IndianaOpioid Grant Funding Awarded to County Foundation · Feb 17, 2026Northern Wells Community Schools, IndianaBoard Accepts $1,682 Donation from Wells County Foundation · Feb 10, 2026$1.7KAll Wells County Foundation contractsVendor profile

More Town of Poneto contracts

Pago USAPAGO USA Eyes Partnership with City for Advisory Services · Jul 8, 2025$180KBicounty ServicesBi-County Services receives funding increase for 2026 · Jun 3, 2025$47.7KHeartland BroadbandCompliance Forms For Heartland Broadband & Haven Manufacturing · Jun 3, 2025UndisclosedNARSD Funding Request for Tocsin Project By Consultants · Jun 3, 2025UndisclosedSolas ObrianKitchen drainage project for Wells County jail · May 6, 2025$50KAll Town of Poneto activityAgency profile

Questions about this contract

Who was awarded the line of credit contract by Town of Poneto?

Wells County Foundation was awarded this line of credit contract by Town of Poneto, as recorded on July 8, 2025. The contract value is $1,000,000.

How much is the Wells County Foundation contract with Town of Poneto worth?

The Wells County Foundation contract with Town of Poneto is valued at $1,000,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a minutes record.

Where was this contract approved?

This contract appears in wells-county-council-meeting-minutes-july-8-2025_006.pdf (Minutes), dated July 8, 2025 from Town of Poneto. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wells County Foundation hold?

Wells County Foundation 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 Town of Poneto currently buying?

Explore Town of Poneto's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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