City of Owatonna Economic Development Authority Meeting Agenda April 2026
Wagner's EDA Improvement Loan Remains Current
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Description
The EDA continues to service an improvement loan to Wagner's, originated in 2018 for $43,480.63 at 2.5% interest over seven years. The retail borrower remains current with a $6,080.32 balance and $564.78 monthly payments.
Contract Details
Contract Amount
$43,480.63 original balance
Vendor
WAGNER'S
Agency
Town of Owatonna, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
7 years starting 10/1/2018
Renewal Date
2025-10-01
Renewal Info
No renewal terms mentioned; loan expected to mature at the end of the 7-year term.
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