Monticello EDA Regular Meeting Agenda Packet March 2026
Cafe Receives Economic Development Loan & Subsidy
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Description
L&L Homestyle Cafe, LLC, along with Sperr Properties LLC, was awarded a $65,000 GMEF loan for business improvements and equipment upgrades at 154 West Broadway by the EDA.
Contract Details
Contract Amount
$65,000
Vendor
L&L HOMESTYLE CAFE LLC
Agency
City of Monticello, MN
Contract Type
OTHER
Document Date
March 8, 2026
Contract Term
March 11, 2026 - March 1, 2036
Renewal Date
2036-03-01
Renewal Info
Loan term through March 1, 2036; compliance with job and wage thresholds required, secured by real estate/equipment.
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