Monticello EDA Agenda Packet February 2026
GMEF Loan Approved Concurrently to L&L Homestyle Café, LLC
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Description
L&L Homestyle Café, LLC was approved as co-borrower for a $65,000 GMEF loan from the Monticello EDA for equipment and interior improvements at 154 West Broadway, under a 10-year, fixed-rate structure with jobs and wage reporting requirements.
Contract Details
Contract Amount
$65,000
Vendor
L&L HOMESTYLE CAFÉ LLC
Agency
Town of Monticello, MN
Contract Type
FINANCIAL_SERVICES
Document Date
February 11, 2026
Contract Term
10 years, March 1, 2026 – March 1, 2036
Renewal Date
2036-03-01
Renewal Info
10-year term; prepayment permitted; annual reporting; compliance tied to business subsidy benchmarks for job and wage creation.
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