city-of-faribault-city-council-work-session-agenda-september-2-2025_656.pdf
Faribo Downtown Central LLC $500K loan agreement approved
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Description
Faribo Downtown Central LLC has a $500,000 loan agreement with the City of Faribault starting April 9, 2024, for 5 years at 7% interest, with monthly payments of $11,753.62.
Contract Details
Contract Amount
$500,000.00
Vendor
FARIBO DOWNTOWN CENTRAL
Agency
City of Faribault, MN
Contract Type
Loan Agreement
Document Date
September 2, 2025
Contract Term
April 9, 2024 – April 9, 2029
Renewal Date
NA
Renewal Info
NA
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