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City provides $21K forgivable loan for Wellness Center

City of Kewanee logoCity of Kewanee
Disclosed value
$21,414.36
From agenda
Document date
May 27, 2025
Term
5 years

The 30-second brief

What it covers

The City of Kewanee is set to provide a forgivable loan up to $21,414.36 to VanDeVelde Wellness Center, S.C., for renovation of a facility. The loan comes from the Kewanee Downtown TIF District Special Tax Allocation Fund and carries a 3% annual interest rate. A portion of the principal is forgiven annually contingent upon the wellness center's continuous operation and compliance with the agreement terms.

Who holds it

Vandevelde Wellness Center holds this loan contract with City of Kewanee. Its other public contracts on record include work for Town of Kewanee and Town of Kewanna.

What happens next

Term as filed: 5 years.

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Contract details

Contract type
Loan
Amount
$21,414.36
Document date
May 27, 2025
Term
5 years
Vendor
Vandevelde Wellness Center
Agency
City of Kewanee
Source document
city-of-kewanee-council-meeting-agenda-may-27-2025_3cc.pdf (Agenda)

Vandevelde Wellness Center's other public contracts

Town of Kewanee, IllinoisApprove TIF agreement with VanDeVelde Wellness Center · May 27, 2025UndisclosedTown of Kewanna, IndianaTIF Funds approved for Wellness Center expansion. · May 27, 2025UndisclosedCity of Kewanee, IllinoisKewanee to Partner with VanDeVelde for Wellness Center · May 27, 2025UndisclosedTown of Berreman, IllinoisKewanee and VanDeVelde Plan TIF District Redevelopment · May 27, 2025UndisclosedTown of Berreman, IllinoisKewanee approves wellness center agreement · May 27, 2025$21.4KAll Vandevelde Wellness Center contractsVendor profile

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Questions about this contract

Who was awarded the loan contract by City of Kewanee?

Vandevelde Wellness Center was awarded this loan contract by City of Kewanee, as recorded on May 27, 2025. The contract value is $21,414.36.

How much is the Vandevelde Wellness Center contract with City of Kewanee worth?

The Vandevelde Wellness Center contract with City of Kewanee is valued at $21,414.36, covering loan work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-kewanee-council-meeting-agenda-may-27-2025_3cc.pdf (Agenda), dated May 27, 2025 from City of Kewanee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Vandevelde Wellness Center hold?

Vandevelde Wellness Center 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 Kewanee currently buying?

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

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