clarkfield-economic-development-authority-agenda-august-25-2025_e5b.pdf
Oasis Mexican Restaurant Loan Remains Outstanding
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Description
The Clarkfield EDA continues to carry a $17,664.27 loan to Oasis Mexican Restaurant with a $16,638.27 outstanding balance and a monthly payment of $512.33. The loan term has been extended to November 15, 2024, but recent reports note no payments received.
Contract Details
Contract Amount
$17,664.27 original loan; $16,638.27 balance
Vendor
OASIS MEXICAN RESTAURANT
Agency
HRA OF CLARKFIELD, MINNESOTA, MN
Contract Type
FINANCIAL_SERVICES
Document Date
August 25, 2025
Contract Term
Extended to 11/15/2024
Renewal Date
2024-11-15
Renewal Info
Loan term extended through 11/15/2024; comments indicate an extension was granted but no further renewal terms are specified.
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