CONTRACTAPPROVED

Town of Beatrice Awards $1,500,000 Loan Contract to PADDOCK (June 2025)

Disclosed value: $1,500,000.00; From resolution
Approved: Jun 2, 2025
Term: 60 months

What it covers

Paddock, LLC secures a $1,500,000 loan from the City of Beatrice for real estate rehabilitation. The agreement includes a forbearance clause, allowing Paddock to delay exercising certain rights for 60 months from the date of project completion. This enables Paddock to focus on the project without immediate pressure to repay the loan, contingent upon certain conditions and lender protections.

Who holds it

PADDOCK holds this loan contract with Town of Beatrice. Its other public contracts on record include work for Town of Chesapeake Beach and Campton Hills village.

What happens next

Term as filed: 60 months.

See who signed off on this $1.5M contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

Contract type: Loan
Amount: $1,500,000.00
Document date: June 2, 2025
Term: 60 months
Vendor: PADDOCK
Agency: Town of Beatrice
Source document: city_of_beatrice_resolution_regarding_forbearance.pdf (Resolution)

PADDOCK's other public contracts

Town of Chesapeake Beach, MarylandPaddock Manages Pool Design and Health Approvals · Jun 18, 2026Undisclosed Campton Hills village, IllinoisPayment to Paddock Approved Pending Escrow Receipt · Mar 3, 2026Undisclosed Campton Hills village, IllinoisVillage Approves Paddock Invoices Pending Escrow Receipts · Feb 3, 2026Undisclosed Fairmont SD 89, IllinoisPaddock Conducts Gym Mat Assessment for Equipment Purchase · Jan 21, 2026Undisclosed Fairmont SD 89, IllinoisVendor Paddock Measures for New Gym Mats Procurement · Jan 14, 2026Undisclosed All PADDOCK contractsVendor profile

More Town of Beatrice contracts

Community Redevelopment AuthorityCommunity Redevelopment Authority approves $1.9M TIF redevelopment agreement · Dec 15, 2025$1.9M Stabilt ConstructionSta-Bilt Construction awarded $33,317.20 Armor Coating contract · Dec 15, 2025$33.3K Pruss ExcavationPruss Excavation Change Order approved with decrease · Dec 15, 2025$-52,937.09 Ahrs ConstructionAHRS Construction pending airport construction contract · Dec 15, 2025Undisclosed Southeast Nebraska Development DistrictSENDD awarded CDBG program administration contract · Dec 15, 2025Undisclosed All Town of Beatrice activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Beatrice?

PADDOCK was awarded this loan contract by Town of Beatrice, as recorded on June 2, 2025. The contract value is $1,500,000.00.

How much is the PADDOCK contract with Town of Beatrice worth?

The PADDOCK contract with Town of Beatrice is valued at $1,500,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city_of_beatrice_resolution_regarding_forbearance.pdf (Resolution), dated June 2, 2025 from Town of Beatrice. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does PADDOCK hold?

PADDOCK 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 Beatrice currently buying?

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

Work in government? Get Civic IQ free →

More Town of Beatrice contracts →Browse all agencies in Alabama →