CONTRACTAPPROVED

Gothenburg Housing Authority Awards $500,000 Loan Guaranty Contract to Glg Concepts (November 2022)

Disclosed value: $500,000.00; From meeting minutes
Approved: Nov 1, 2022
Term: 20 years

What it covers

City council approved a $500,000 loan guaranty for GLG Concepts LLC, operating the Good Life restaurant. The 20-year occupation bond will be repaid through a .02 tax on every dollar spent at the restaurant.

Who holds it

Glg Concepts holds this loan guaranty contract with Gothenburg Housing Authority. Its other public contracts on record include work for City of Gothenburg.

What happens next

Term as filed: 20 years.

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Contract details

Contract type: Loan Guaranty
Amount: $500,000.00
Document date: November 1, 2022
Term: 20 years
Vendor: Glg Concepts
Agency: Gothenburg Housing Authority
Source document: gothenburg-housing-authority-meeting-minutes-2022-11-01_9fd.pdf (Meeting Minutes)

Glg Concepts's other public contracts

City of Gothenburg, Nebraskacity-of-gothenburg-agenda-2023-05-16_fb3.pdf · May 16, 2023$290K City of Gothenburg, NebraskaGLG Concepts LLC Secures $290,000 Business Loans · May 16, 2023$290K City of Gothenburg, NebraskaGLG Concepts LLC Grant Agreement approval · Nov 1, 2022Undisclosed Gothenburg Housing Authority, NebraskaGLG Concepts LLC Grant Application · Nov 1, 2022$3K City of Gothenburg, NebraskaGLG Concepts LLC Grant Agreement Approval Pending · Nov 1, 2022Undisclosed All Glg Concepts contractsVendor profile

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Questions about this contract

Who was awarded the loan guaranty contract by Gothenburg Housing Authority?

Glg Concepts was awarded this loan guaranty contract by Gothenburg Housing Authority, as recorded on November 1, 2022. The contract value is $500,000.00.

How much is the Glg Concepts contract with Gothenburg Housing Authority worth?

The Glg Concepts contract with Gothenburg Housing Authority is valued at $500,000.00, covering loan guaranty work.

What type of contract is this?

This is a Loan Guaranty contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in gothenburg-housing-authority-meeting-minutes-2022-11-01_9fd.pdf (Meeting Minutes), dated November 1, 2022 from Gothenburg Housing Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Glg Concepts hold?

Glg Concepts 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 Gothenburg Housing Authority currently buying?

Explore Gothenburg Housing Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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