City of Fairmont Agenda 2026-05-26
Forgivable Housing Trust Fund Loan Awarded to Schutz
Trusted by teams at
Description
The City of Fairmont will approve a $19,772 Local Housing Trust Fund forgivable loan to property owner Mike Schutz for remodeling a single-family rental home at 1428 North Elm Street. The loan is forgivable over 10 years, with 10% forgiven annually.
Contract Details
Contract Amount
$19,772.00
Vendor
SCHUTZ, MIKE
Agency
City of Fairmont, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
10-year forgivable loan (10% forgiven each year)
Renewal Date
2036-05-26
Renewal Info
Ten-year forgivable loan with 10% of principal forgiven each year; no renewal or extension terms stated.
More from SCHUTZ, MIKE
Related Contracts
More from City of Fairmont
City of Fairmont Agenda 2026-05-26
City of Fairmont Agenda 2026-05-26
City of Fairmont Agenda 2026-05-26
City of Fairmont Agenda 2026-05-26
City of Fairmont Agenda 2026-05-26
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.