UG Proposes Early Payoff of LISC Merc Loan

The Unified Government’s finance staff proposed using American Royal one-time funds to pay off the remaining LISC loan on the former Merc downtown grocery store, totaling $629,300. The early payoff would retire the debt three years ahead of the August 2029 maturity and avoid approximately $657,650 in additional payments and interest.

Scope & details

The full contract record, as filed.

Contract amount

$629,300

Contract type

FINANCIAL_SERVICES

Contract term

Original 10-year loan maturing August 1, 2029; proposed early payoff on August 1, 2026

Renewal date

2029-08-01

Renewal

Original 10-year loan scheduled to mature August 1, 2029; proposal recommends full payoff on August 1, 2026 to avoid remaining interest and principal payments.

Document type

AgendaPacket

Source document

Unified Government of Wyandotte County/Kansas City American Royal Subcommittee AgendaPacket 2026-06-29

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Kansas?

LISC was awarded this financial services contract by City of Kansas, as recorded on June 29, 2026. The contract value is $629,300.

How much is the LISC contract with City of Kansas worth?

The LISC contract with City of Kansas is valued at $629,300, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Unified Government of Wyandotte County/Kansas City American Royal Subcommittee AgendaPacket 2026-06-29 (AgendaPacket), dated June 29, 2026 from City of Kansas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What is City of Kansas currently buying?

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UG Proposes Early Payoff of LISC Merc Loan

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Kansas?

How much is the LISC contract with City of Kansas worth?

What type of contract is this?

Where was this contract approved?

What other contracts does LISC hold?

What is City of Kansas currently buying?

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