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Town of Beatrice Awards $1,500,000 Loan Contract to PADDOCK (May 2025)

Town of Beatrice
Disclosed value
$1,500,000.00
From agenda
Approved
May 19, 2025
Term
9 years

The 30-second brief

What it covers

The Paddock, LLC will receive a $1.5 million economic development loan from LB 840 funds for the redevelopment of the Kensington building, with terms including a 9-year term and specific milestones for forgiveness.

Who holds it

PADDOCK holds this loan contract with Town of Beatrice. Its other public contracts on record include work for Town of Chesapeake Beach and Campton Hills village.

What happens next

Term as filed: 9 years.

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Contract details

Contract type
Loan
Amount
$1,500,000.00
Document date
May 19, 2025
Term
9 years
Vendor
PADDOCK
Agency
Town of Beatrice
Source document
town-of-beatrice-agenda-2025-05-19_354.pdf (Agenda)

PADDOCK's other public contracts

Town of Chesapeake Beach, MarylandPaddock Manages Pool Design and Health Approvals · Jun 18, 2026UndisclosedCampton Hills village, IllinoisPayment to Paddock Approved Pending Escrow Receipt · Mar 3, 2026UndisclosedCampton Hills village, IllinoisVillage Approves Paddock Invoices Pending Escrow Receipts · Feb 3, 2026UndisclosedFairmont SD 89, IllinoisPaddock Conducts Gym Mat Assessment for Equipment Purchase · Jan 21, 2026UndisclosedFairmont SD 89, IllinoisVendor Paddock Measures for New Gym Mats Procurement · Jan 14, 2026UndisclosedAll PADDOCK contractsVendor profile

More Town of Beatrice contracts

Community Redevelopment AuthorityCommunity Redevelopment Authority approves $1.9M TIF redevelopment agreement · Dec 15, 2025$1.9MStabilt ConstructionSta-Bilt Construction awarded $33,317.20 Armor Coating contract · Dec 15, 2025$33.3KPruss ExcavationPruss Excavation Change Order approved with decrease · Dec 15, 2025$-52,937.09Ahrs ConstructionAHRS Construction pending airport construction contract · Dec 15, 2025UndisclosedSoutheast Nebraska Development DistrictSENDD awarded CDBG program administration contract · Dec 15, 2025UndisclosedAll Town of Beatrice activityAgency profile

Questions about this contract

Who was awarded the loan contract by Town of Beatrice?

PADDOCK was awarded this loan contract by Town of Beatrice, as recorded on May 19, 2025. The contract value is $1,500,000.00.

How much is the PADDOCK contract with Town of Beatrice worth?

The PADDOCK contract with Town of Beatrice is valued at $1,500,000.00, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-beatrice-agenda-2025-05-19_354.pdf (Agenda), dated May 19, 2025 from Town of Beatrice. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PADDOCK hold?

PADDOCK 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 Town of Beatrice currently buying?

Explore Town of Beatrice's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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