PROFESSIONAL_SERVICESAPPROVED

Town of Owatonna Awards Professional Services Contract to OABDC (December 2025)

The EDA approved a three-year agreement with OABDC for loan administration services at $20,000 annually from 2026 through 2028. OABDC will continue managing the city’s various loan programs, including forgivable loans, on an on-call basis.

Document date · December 17, 2025

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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
$20,000 annually
Contract type
PROFESSIONAL_SERVICES
Contract term
2026 through 2028 (three-year term)
Renewal date
2028-12-31
Renewal
Three-year agreement for 2026–2028 at $20,000 annually for loan administration services; parties acknowledged the rate may be revisited and potentially increased after the three-year term.
Document type
Minutes
Source document
Owatonna Economic Development Authority Minutes December 17 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Town of Owatonna?

OABDC was awarded this professional services contract by Town of Owatonna, as recorded on December 17, 2025. The contract value is $20,000 annually.

How much is the OABDC contract with Town of Owatonna worth?

The OABDC contract with Town of Owatonna is valued at $20,000 annually, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Owatonna Economic Development Authority Minutes December 17 2025 (Minutes), dated December 17, 2025 from Town of Owatonna. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does OABDC hold?

OABDC 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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