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City of Lanesboro Awards $40,000 Loan Contract to Raging Root Adventure Arcade (May 2025)

City of Lanesboro logoCity of Lanesboro
Disclosed value
$40,000
From minutes
Approved
May 1, 2025
Term
7 years

The 30-second brief

What it covers

Lanesboro EDA approved a $40,000 loan to Raging Root Adventure Arcade, LLC for property repairs and upgrades over 7 years at 2% interest, contingent on collateral agreement.

Who holds it

Raging Root Adventure Arcade holds this loan contract with City of Lanesboro.

What happens next

Term as filed: 7 years.

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Contract details

Contract type
Loan
Amount
$40,000
Document date
May 1, 2025
Term
7 years
Vendor
Raging Root Adventure Arcade
Agency
City of Lanesboro
Source document
lanesboro_economic_development_authority_minutes_m.pdf (Minutes)

Raging Root Adventure Arcade's other public contracts

City of Lanesboro, IowaLoan collateral amended for Raging Root Arcade · Jul 21, 2025UndisclosedCity of Lanesboro, MinnesotaEDA Loan Collateral Amendment for Arcade · Jul 21, 2025UndisclosedCity of Lanesboro, IowaRaging Root Adventure Arcade receives $40,000 loan. · Jun 2, 2025$40KAll Raging Root Adventure Arcade contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Lanesboro?

Raging Root Adventure Arcade was awarded this loan contract by City of Lanesboro, as recorded on May 1, 2025. The contract value is $40,000.

How much is the Raging Root Adventure Arcade contract with City of Lanesboro worth?

The Raging Root Adventure Arcade contract with City of Lanesboro is valued at $40,000, covering loan work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lanesboro_economic_development_authority_minutes_m.pdf (Minutes), dated May 1, 2025 from City of Lanesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Raging Root Adventure Arcade hold?

Raging Root Adventure Arcade 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 Lanesboro currently buying?

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

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