FINANCIAL_SERVICESRECOMMENDED

Council Asked to Approve WARM Loan for Thor Properties

The Presque Isle Development Fund Trustees seek City Council approval of a WARM loan to Kevin Thorstenson d/b/a Thor Properties, LLC for $6,110.00. The loan features a 2.25% fixed interest rate and a seven-year amortization schedule.

Status
RECOMMENDED
Document date
August 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Thor Properties Llc
Agency
City of Presque Isle · ME

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$6,110.00 at 2.25% fixed interest, amortized for 7 years
Contract type
FINANCIAL_SERVICES
Contract term
7 years
Renewal
Initial seven-year loan term under the WARM program; no renewal provisions are described.
Document type
AgendaPacket
Source document
Presque Isle City Council Agenda Packet 2026-08-05

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Presque Isle?

Thor Properties Llc was awarded this financial services contract by City of Presque Isle, as recorded on August 5, 2026. The contract value is $6,110.00 at 2.25% fixed interest, amortized for 7 years.

How much is the Thor Properties Llc contract with City of Presque Isle worth?

The Thor Properties Llc contract with City of Presque Isle is valued at $6,110.00 at 2.25% fixed interest, amortized for 7 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Presque Isle City Council Agenda Packet 2026-08-05 (AgendaPacket), dated August 5, 2026 from City of Presque Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Thor Properties Llc hold?

Thor Properties Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Thor Properties Llc's profile

What is City of Presque Isle currently buying?

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

View City of Presque Isle's profile

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