City of Petoskey Awards $1,000,000 Loan Contract to Great Lakes Capital Development (October 2023)
City of PetoskeyCity · Petoskey, MI- Disclosed value
- $1,000,000
- From meeting minutes
- Approved
- Oct 16, 2023
- Term
- 15 years
The 30-second brief
EGLE awarded $1M Brownfield Redevelopment Loan to Great Lakes Capital Development, LLC for Michigan Maple Block project. The loan has a 15-year term with a five-year interest-free and payment-free grace period.
Great Lakes Capital Development holds this loan contract with City of Petoskey.
Term as filed: 15 years.
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Contract details
- Contract type
- Loan
- Amount
- $1,000,000
- Document date
- October 16, 2023
- Term
- 15 years
- Agency
- City of Petoskey
- Source document
- city-of-petoskey-meeting-minutes-2023-10-16_7c1.pdf (Meeting Minutes)
Great Lakes Capital Development's other public contracts
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Questions about this contract
Who was awarded the loan contract by City of Petoskey?
Great Lakes Capital Development was awarded this loan contract by City of Petoskey, as recorded on October 16, 2023. The contract value is $1,000,000.
How much is the Great Lakes Capital Development contract with City of Petoskey worth?
The Great Lakes Capital Development contract with City of Petoskey is valued at $1,000,000, covering loan work.
What type of contract is this?
This is a Loan contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-petoskey-meeting-minutes-2023-10-16_7c1.pdf (Meeting Minutes), dated October 16, 2023 from City of Petoskey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Great Lakes Capital Development hold?
Great Lakes Capital Development 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 Petoskey currently buying?
Explore City of Petoskey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.