presque-isle-city-council-meeting-agenda-july-2-2025_654.pdf
$150,000 loan for Homeless Services of Aroostook
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Description
City of Presque Isle is partnering with Homeless Services of Aroostook to provide up to $150,000 in short term bridge loan funding from reserves to support essential services, stability, and operation during a period of financial transition for the organization. This loan will be administered jointly by the City's Finance Director and the Interim City Manager.
Contract Details
Contract Amount
$150,000
Vendor
HOMELESS SERVICES OF AROOSTOOK
Agency
City of Presque Isle, ME
Contract Type
Loan
Document Date
July 2, 2025
Contract Term
Short term bridge loan
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