city-of-clarkfield-eda-regular-meeting-agenda-july-28-2025_288.pdf
Oasis Mexican Restaurant Revolving Loan Remains Delinquent
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Description
The Clarkfield EDA maintains a revolving loan with Oasis Mexican Restaurant for $17,664.27, with a remaining balance of $16,638.27 and a $512.33 monthly payment. The loan, extended to November 15, 2024, is currently flagged for lack of payments.
Contract Details
Contract Amount
$17,664.27 original loan; $16,638.27 loan balance
Vendor
OASIS MEXICAN RESTAURANT
Agency
City of Clarkfield, MN
Contract Type
FINANCIAL_SERVICES
Document Date
July 28, 2025
Contract Term
Application date 4/22/2024 with extension noted to 11/15/2024
Renewal Date
2024-11-15
Renewal Info
Loan record shows extension to 11/15/2024 from the original 4/22/2024 application; future renewal or restructuring is not specified.
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