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NelSa Properties Receives $450,000 EDAP Business Subsidy

City of Paynesville
Disclosed value
$450,000.00
From agenda
Document date
Nov 25, 2024
Term
20 years

The 30-second brief

What it covers

City of Paynesville approves $450,000 EDAP business subsidy for NelSa Properties, LLC, to support business expansion and job creation. The loan will be split equally between the City and Paynesville Township, with an interest rate of 6.5% per annum, amortized over 20 years with a 10-year balloon.

Who holds it

Nelsa Properties holds this loan contract with City of Paynesville. Its other public contracts on record include work for Town of Paynesville and Paynesville village.

What happens next

Term as filed: 20 years.

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Contract details

Contract type
Loan
Amount
$450,000.00
Document date
November 25, 2024
Term
20 years
Vendor
Nelsa Properties
Agency
City of Paynesville
Source document
city-of-paynesville-council-agenda-business-subsidies-property-offer-nov-25-2024_1b5.pdf (Agenda)

Nelsa Properties's other public contracts

Town of Paynesville, MinnesotaCouncil Approves TIF Completion and Revenue Note · Aug 10, 2026Town of Paynesville, MinnesotaCity Issues TIF Revenue Note to Nelsa Properties · Aug 10, 2026Town of Paynesville, MinnesotaNelsa properties new construction · Sep 15, 2025UndisclosedPaynesville village, Missouri$450,000 EDAP loan approved for NelSa Properties, LLC · Nov 25, 2024$450KCity of Paynesville, MinnesotaNelsa Properties Seeks $450,000 EDAP Loan · Oct 28, 2024$450KAll Nelsa Properties contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Paynesville?

Nelsa Properties was awarded this loan contract by City of Paynesville, as recorded on November 25, 2024. The contract value is $450,000.00.

How much is the Nelsa Properties contract with City of Paynesville worth?

The Nelsa Properties contract with City of Paynesville is valued at $450,000.00, 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 city-of-paynesville-council-agenda-business-subsidies-property-offer-nov-25-2024_1b5.pdf (Agenda), dated November 25, 2024 from City of Paynesville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Nelsa Properties hold?

Nelsa Properties 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 Paynesville currently buying?

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

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