city_council_agenda_december_9_2025.pdf
Forgivable Loan Approved for Morrison Weighing Systems Relocation
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Description
The Coralville City Council approved a private redevelopment and forgivable loan agreement for $205,000 with Morrison Weighing Systems, Inc. to assist with relocation and expansion at 2300 Oakdale Boulevard. Morrison will create 14 jobs averaging $70,000 salary per year and maintain them for at least 7 years.
Contract Details
Contract Amount
$205,000.00
Vendor
MORRISON WEIGHING SYSTEMS INC
Agency
City of Coralville, IA
Contract Type
FINANCIAL_SERVICES
Document Date
December 9, 2025
Contract Term
Three years to create jobs, retain for seven years after
Renewal Date
2035-12-09
Renewal Info
N/A. This is a new agreement with specific job creation and maintenance timelines. No automatic renewal.
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