City Extends Loan Drawdown Window for Elawa Farm
City of Lake ForestCity · Lake Forest, IL- Disclosed value
- Up to $1,000,000 (loan)
- From agendapacket
- Document date
- Jan 21, 2025
The 30-second brief
Lake Forest extended the drawdown period on its $1,000,000 loan agreement with Elawa Farm Foundation to June 30, 2025, providing continued financial support for improvements at Elawa Farm. The loan maintains a 6% interest rate and is fully collateralized.
Elawa Farm Foundation holds this financial services contract with City of Lake Forest. Its other public contracts on record include work for City of Forest and Metcalf village.
Term as filed: Drawdown period extended to June 30, 2025; then 3-year repayment from drawdown date.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $1,000,000 (loan)
- Document date
- January 21, 2025
- Term
- Drawdown period extended to June 30, 2025; then 3-year repayment from drawdown date
- Vendor
- Elawa Farm Foundation
- Agency
- City of Lake Forest
- Source document
- City of Lake Forest City Council Agenda Packet January 2025 (AgendaPacket)
Elawa Farm Foundation's other public contracts
More City of Lake Forest contracts
Questions about this contract
Who was awarded the financial services contract by City of Lake Forest?
Elawa Farm Foundation was awarded this financial services contract by City of Lake Forest, as recorded on January 21, 2025. The contract value is Up to $1,000,000 (loan).
How much is the Elawa Farm Foundation contract with City of Lake Forest worth?
The Elawa Farm Foundation contract with City of Lake Forest is valued at Up to $1,000,000 (loan), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Lake Forest City Council Agenda Packet January 2025 (AgendaPacket), dated January 21, 2025 from City of Lake Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Elawa Farm Foundation hold?
Elawa Farm Foundation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Lake Forest currently buying?
Explore City of Lake Forest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.