Monticello EDA Regular Meeting Agenda Packet March 2026
EDA Approves Downtown Restaurant Loan for L&L Homestyle Café
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Description
Monticello EDA authorized a $65,000 GMEF loan to L&L Homestyle Café, LLC to support equipment and renovation needs as part of re-opening in downtown Monticello.
Contract Details
Contract Amount
$65,000
Vendor
L&L HOMESTYLE CAFE LLC
Agency
Town of Monticello, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 11, 2026
Contract Term
March 11, 2026 – March 1, 2036 (10 years)
Renewal Date
2036-03-01
Renewal Info
Loan matures March 1, 2036; subject to business subsidy employment/wage compliance. Second mortgage and UCC security included.
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