OTHERAPPROVED

City Approves Forgivable Loan for Local Produce Business

Gerich Enterprises LLC received Council approval for a $30,000 five-year loan with annual forgiveness contingent on continued business operation. Stipulation to open by June 1, 2024.

Document date · February 13, 2024

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$30,000.00
Contract type
OTHER
Contract term
5 year loan (with forgiveness clause)
Renewal date
2029-06-01
Renewal
Loan forgiven $6,000/yr for each operating year during 5 year period. Stipulation: open by June 1, 2024. Council may revisit stipulation if requested.
Document type
Meeting Minutes
Source document
city-of-stanley-meeting-minutes-2024-02-13_446.txt

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Stanley?

Gerich Enterprises Llc was awarded this government contract by City of Stanley, as recorded on February 13, 2024. The contract value is $30,000.00.

How much is the Gerich Enterprises Llc contract with City of Stanley worth?

The Gerich Enterprises Llc contract with City of Stanley is valued at $30,000.00.

What type of contract is this?

This is a government contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-stanley-meeting-minutes-2024-02-13_446.txt (Meeting Minutes), dated February 13, 2024 from City of Stanley. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gerich Enterprises Llc hold?

Gerich Enterprises Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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