BCG executes Series 2026 revenue note to city
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Description
Brown Capital Group Contracts, LLC is issuing a taxable Economic Development Revenue Note, Series 2026, to the City of Kokomo to evidence a TIF-backed forgivable loan for the BCG multifamily project. The note accrues interest until its stated maturity date, when payment may be forgiven if all loan conditions are satisfied.
Contract Details
Contract Amount
$________ (original principal of Series 2026 Note)
Vendor
BROWN CAPITAL GROUP CONTRACTS LLC
Agency
City of Kokomo, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Maturity Date _________, 20__
Renewal Info
Repayment may be fully forgiven at maturity or earlier per the Forgivable Loan Agreement; if forgiveness conditions are not met, the full outstanding principal and interest become due and are not forgiven.
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Kokomo Common Council Agenda 2026-05-18
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