CIP grant and loan package for Nodela Properties

The Town of Prescott Planning Advisory Committee is recommended to approve CIP Application 2026-04 for Nodela Properties Inc. at 490 Jessup Street West, providing up to $13,000 in matching grant funding, permit fee reimbursement, and an interest-free loan of up to $100,000. The funding will support adaptive reuse of the former school into a community wellness centre with extensive interior and exterior improvements.

Scope & details

The full contract record, as filed.

Contract amount

maximum of $13,000 in matching grant funding, the greater of $1,000 or 10% of applicable permit fees and $100,000 in matching loan funding at 0% interest

Contract type

FINANCIAL_SERVICES

Contract term

Loan amortized over 5–10 years

Renewal

Interest-free loan not to exceed 50% of total project value, amortized over 5–10 years; grant and permit fee reimbursement are one-time incentives under the Employment Area CIP.

Document type

AgendaPacket

Source document

Prescott Planning Advisory Committee AgendaPacket CIP Application 2026-07-22

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Prescott Town Council Agenda 2026-06-15

AWARDED

Town of Prescott, CanadaJun 15, 2026

Town of Prescott Planning Advisory Committee AgendaPacket 2026-06-10

ONGOING

Town of Prescott, CanadaJun 10, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Prescott?

Nodela Properties Inc was awarded this financial services contract by Town of Prescott, as recorded on July 22, 2026. The contract value is maximum of $13,000 in matching grant funding, the greater of $1,000 or 10% of applicable permit fees and $100,000 in matching loan funding at 0% interest.

How much is the Nodela Properties Inc contract with Town of Prescott worth?

The Nodela Properties Inc contract with Town of Prescott is valued at maximum of $13,000 in matching grant funding, the greater of $1,000 or 10% of applicable permit fees and $100,000 in matching loan funding at 0% interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Prescott Planning Advisory Committee AgendaPacket CIP Application 2026-07-22 (AgendaPacket), dated July 22, 2026 from Town of Prescott. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nodela Properties Inc hold?

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

View Nodela Properties Inc's profile

What is Town of Prescott currently buying?

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