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City Advances $300,000 EDAP Loan to Louis Industries

City of Paynesville
Disclosed value
$300,000
From minutes
Document date
Aug 11, 2025
Term
7-year term at 4% interest
Renews
Free account

The 30-second brief

What it covers

Following a public hearing, the City moved to proceed with a $300,000 EDAP loan to Louis Industries for seven years at 4% interest to support its expansion project. Final approval will align with tax abatement approvals from the County and School District.

Who holds it

Louis Industries holds this financial services contract with City of Paynesville.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Paynesville contract.

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Contract details

Contract type
Financial Services
Amount
$300,000
Document date
August 11, 2025
Term
7-year term at 4% interest
Renews
Free account
Vendor
Louis Industries
Agency
City of Paynesville
Source document
city-of-paynesville-city-council-meeting-minutes-august-11-2025_324.pdf (Minutes)

Louis Industries's other public contracts

City of Paynesville, MinnesotaCouncil Approves Louis Industries MIF Loan Documents · Jul 13, 2026UndisclosedCity of Paynesville, MinnesotaLouis Industries in Paynesville gets loans for expansion · Oct 27, 2025$300KCity of Paynesville, MinnesotaCity Approves Economic Development Loan to Louis Industries · Oct 27, 2025UndisclosedCity of Paynesville, MinnesotaEconomic Development Loan Approved for Louis Industries · Oct 27, 2025UndisclosedCity of Paynesville, MinnesotaTax Abatement Agreement Consideration For Louis Industries · Jul 28, 2025UndisclosedAll Louis Industries contractsVendor profile

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Questions about this contract

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

Louis Industries was awarded this financial services contract by City of Paynesville, as recorded on August 11, 2025. The contract value is $300,000.

How much is the Louis Industries contract with City of Paynesville worth?

The Louis Industries contract with City of Paynesville is valued at $300,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-paynesville-city-council-meeting-minutes-august-11-2025_324.pdf (Minutes), dated August 11, 2025 from City of Paynesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Louis Industries hold?

Louis Industries 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 City of Paynesville currently buying?

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

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