Clarkfield EDA Regular Meeting Agenda April 27, 2026
Baileys Custom Cap Longstanding EDA Loan Delinquent
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Description
Baileys Custom Cap holds an EDA loan of $18,872.30 with $13,572.00 still owed, originating from a 2006 application and extended in 2018, and now marked delinquent. The loan is also tied to the Bailey building, which the City/EDA plans to accept in exchange for loan forgiveness.
Contract Details
Contract Amount
$18,872.30 EDA Loan
Vendor
BAILEYS CUSTOM CAP
Agency
HRA OF CLARKFIELD, MINNESOTA, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 26, 2026
Renewal Info
Loan originated 1/4/2006 and was extended on 2/26/2018; currently delinquent and subject to proposed forgiveness through conveyance of the Bailey building.
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Clarkfield EDA Regular Meeting Agenda April 27, 2026
Clarkfield EDA Regular Meeting Agenda April 27, 2026
Clarkfield EDA Regular Meeting Agenda April 27, 2026
Clarkfield EDA Regular Meeting Agenda April 27, 2026
Clarkfield EDA Regular Meeting Agenda April 27, 2026
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