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Loan Agreementapproved

town-of-hendricks-city-council-agenda-strategic-annexation-budget-workshop-july-22-2025_3ce.pdf

City of Goddard approves $1M forgivable loan to TCRS, LLC

$1,000,000Town of HendricksTCRSJuly 22, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
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Description

City of Goddard approved a $1,000,000 forgivable loan agreement with TCRS, LLC to support acquisition of Parcel 1 and annexation of adjacent properties, secured by mortgage and promissory note, effective July 22, 2025 for 24 months.

Contract Details

Contract Amount

$1,000,000

Vendor

TCRS

Agency

Town of Hendricks, KS

Contract Type

Loan Agreement

Document Date

July 22, 2025

Contract Term

July 22, 2025 – 24 months following advance

Renewal Date

2025-07-22

Renewal Info

Loan forgiveness contingent on annexation success; secured by mortgage and promissory note

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