City of Algona Awards Financial Services Contract to Arrowood, Luke (December 2025)
City of AlgonaCity · Algona, IA- Disclosed value
- $100,000 forgivable loan
- From agenda
- Approved
- Dec 15, 2025
The 30-second brief
The City Council approved a $100,000 zero-interest internal loan to provide a forgivable loan to developer Luke Arrowood as the local match for a Community Catalyst grant at 208/210 E State Street. The internal loan will be repaid with Tax Increment Financing revenues.
Arrowood, Luke holds this financial services contract with City of Algona.
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Contract details
- Contract type
- Financial Services
- Amount
- $100,000 forgivable loan
- Document date
- December 15, 2025
- Vendor
- Arrowood, Luke
- Agency
- City of Algona
- Source document
- algona_city_council_regular_meeting_agenda_decembe.pdf (Agenda)
Arrowood, Luke's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Algona?
Arrowood, Luke was awarded this financial services contract by City of Algona, as recorded on December 15, 2025. The contract value is $100,000 forgivable loan.
How much is the Arrowood, Luke contract with City of Algona worth?
The Arrowood, Luke contract with City of Algona is valued at $100,000 forgivable loan, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in algona_city_council_regular_meeting_agenda_decembe.pdf (Agenda), dated December 15, 2025 from City of Algona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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