presque-isle-city-council-meeting-agenda-july-2-2025_907.pdf
Loan for Homeless Services Aroostook Approved
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Description
City of Presque Isle Approves $150,000 Short-Term Loan for Homeless Services of Aroostook. The loan, funded from city reserves, will be administered by the City's Finance Director and Interim City Manager with terms and oversight outlined in a formal agreement. It aims to support the delivery of essential services, stability, and operation during a period of financial transition for the organization.
Contract Details
Contract Amount
$150,000
Vendor
HOMELESS SERVICES OF AROOSTOOK
Agency
Town of Presque Isle, MI
Contract Type
Loan
Document Date
July 2, 2025
Contract Term
Short term bridge loan
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