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EDAP Loan for WDR Properties LLC Approved

City of Paynesville
Disclosed value
$300,000
From agenda
Document date
Mar 13, 2023
Term
10 years

The 30-second brief

What it covers

WDR Properties LLC seeks a $300,000 loan from EDAP to help bridge the gap in financing for constructing a new warehousing facility next to Bork Lumber in the Township. The loan will be amortized over 30 years with a balloon in 10 years at the current interest rate at the time; contingent upon clear title of the property.

Who holds it

Wdr Properties holds this loan contract with City of Paynesville. Its other public contracts on record include work for City of Menomonie and Paynesville village.

What happens next

Term as filed: 10 years.

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Contract details

Contract type
Loan
Amount
$300,000
Document date
March 13, 2023
Term
10 years
Vendor
Wdr Properties
Agency
City of Paynesville
Source document
city-of-paynesville-city-council-agenda-edap-loan-kayak-rental-mar-13-2023_3ad.pdf (Agenda)

Wdr Properties's other public contracts

City of Menomonie, Wisconsincity-of-menomonie-agenda-2024-02-26_1a9.pdf · Feb 26, 2024$5KPaynesville village, MissouriPaynesville approves $300,000 loan for WDR Properties · Oct 9, 2023$300KPaynesville village, MissouriWDR Properties gets $300,000 loan for development · Oct 9, 2023$300KPaynesville village, MissouriEDAP Loan for WDR Properties LLC Considered · Sep 25, 2023$300KCity of Paynesville, MinnesotaWDR Properties LLC receives $300K EDAP loan · Apr 10, 2023$300KAll Wdr Properties contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Paynesville?

Wdr Properties was awarded this loan contract by City of Paynesville, as recorded on March 13, 2023. The contract value is $300,000.

How much is the Wdr Properties contract with City of Paynesville worth?

The Wdr Properties contract with City of Paynesville is valued at $300,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-paynesville-city-council-agenda-edap-loan-kayak-rental-mar-13-2023_3ad.pdf (Agenda), dated March 13, 2023 from City of Paynesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Wdr Properties hold?

Wdr Properties 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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