City of Isleton Awards Financial Services Contract to Rtc Vi Llc / Red Tower Capital (July 2026)

The Isleton City Council approved a Change in Terms Agreement with RTC VI, LLC/Red Tower Capital to restructure a prior $500,000 loan. The modified $467,435.18 balance will be repaid over 105 months at 10% interest with $6,697.27 monthly payments and is further secured by city-owned property on Jackson Boulevard.

Scope & details

The full contract record, as filed.

Contract amount

Principal balance $467,435.18 after $85,000 reduction; 10% interest with $6,697.27 monthly payments

Contract type

FINANCIAL_SERVICES

Contract term

August 1, 2026 – April 1, 2035 (105 months)

Renewal date

2035-04-01

Renewal

Agreement extends the loan maturity to April 1, 2035 and adds new collateral; upon sale of the collateral, 80% of proceeds must pay down the loan without changing the monthly installment, thereby shortening the remaining term.

Document type

Agenda

Source document

City of Isleton Agenda 2026-07-14

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City of Isleton Agenda Regular Meeting 2026-07-14

PENDING

City of Isleton, CaliforniaJul 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Isleton?

Rtc Vi Llc / Red Tower Capital was awarded this financial services contract by City of Isleton, as recorded on July 14, 2026. The contract value is Principal balance $467,435.18 after $85,000 reduction; 10% interest with $6,697.27 monthly payments.

How much is the Rtc Vi Llc / Red Tower Capital contract with City of Isleton worth?

The Rtc Vi Llc / Red Tower Capital contract with City of Isleton is valued at Principal balance $467,435.18 after $85,000 reduction; 10% interest with $6,697.27 monthly payments, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Isleton Agenda 2026-07-14 (Agenda), dated July 14, 2026 from City of Isleton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rtc Vi Llc / Red Tower Capital hold?

Rtc Vi Llc / Red Tower Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Rtc Vi Llc / Red Tower Capital's profile

What is City of Isleton currently buying?

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

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