City of Wadena Awards $80,000 Loan Contract to Bevs Donut Shop (November 2024)

City Council approved an $80,000 MIF Loan to Bev's Donut Shop LLC to expand the bakery located on TH71. The loan includes a 7-year term at a 7.75% interest rate, with a $10,000 balloon payment due by March 2025.

Document date · November 12, 2024

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Scope & details

The full contract record, as filed.

Contract amount

$80,000

Contract type

Loan

Contract term

7 years

Document type

Meeting Minutes

Source document

city-of-wadena-meeting-minutes-2024-11-12_c20.pdf

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the loan contract by City of Wadena?

Bevs Donut Shop was awarded this loan contract by City of Wadena, as recorded on November 12, 2024. The contract value is $80,000.

How much is the Bevs Donut Shop contract with City of Wadena worth?

The Bevs Donut Shop contract with City of Wadena is valued at $80,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-wadena-meeting-minutes-2024-11-12_c20.pdf (Meeting Minutes), dated November 12, 2024 from City of Wadena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bevs Donut Shop hold?

Bevs Donut Shop 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 Bevs Donut Shop's profile

What is City of Wadena currently buying?

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

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