City Amends Commercial Improvement Loan for 42 N Main

The City Council approved the First Amendment to the Commercial District Improvement Loan with 42 N Main Common Grounds, LLC, restructuring payments to begin May 1, 2024 over 60 months at 3% interest. This action adjusts terms on the original 2017 economic development loan.

Document date · March 12, 2024

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Monthly payments beginning May 1, 2024 for 60 months at 3% interest

Renewal date

2029-04-30

Renewal

First amendment modifies repayment schedule and interest but does not state further renewal options; original loan dated December 26, 2017 remains in effect as amended.

Document type

Minutes

Source document

plainview_city_council_regular_meeting_minutes_mar.pdf

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Plainview AgendaPacket City Council Regular Meeting 2026-09-08

ONGOING

City of Plainview, Minnesota$3,446.00Sep 8, 2026

plainview_city_council_regular_meeting_minutes_mar.pdf

AMENDED

City of Plainview, MinnesotaMar 12, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

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

42 N Main Common Grounds Llc was awarded this financial services contract by City of Plainview, as recorded on March 12, 2024.

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 plainview_city_council_regular_meeting_minutes_mar.pdf (Minutes), dated March 12, 2024 from City of Plainview. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 42 N Main Common Grounds Llc hold?

42 N Main Common Grounds 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.

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