EDA Considers $40,000 Loan for Motel Improvements
City of Grand RapidsCity · Grand Rapids, MN- Disclosed value
- $40,000
- From agendapacket
- Document date
- Oct 22, 2026
- Renews
- Free account
The 30-second brief
The Grand Rapids Economic Development Authority is considering a $40,000 Commercial Building Improvement Loan to RS Legacy Properties LLC for upgrades to the West Pines Motel and leased retail space at 1420 NW 4th Street. The loan would carry a 2% interest rate over 20 years with a balloon payment after five years.
Rs Legacy Properties LLC holds this financial services contract with City of Grand Rapids.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,000
- Document date
- October 22, 2026
- Term
- 20 years, amortized at 2% interest, with a balloon payment at the end of year five
- Renews
- Free account
- Vendor
- Rs Legacy Properties LLC
- Agency
- City of Grand Rapids
- Source document
- Grand Rapids Economic Development Authority AgendaPacket October 22, 2026 (AgendaPacket)
Rs Legacy Properties LLC's other public contracts
More City of Grand Rapids contracts
Questions about this contract
Who was awarded the financial services contract by City of Grand Rapids?
Rs Legacy Properties LLC was awarded this financial services contract by City of Grand Rapids, as recorded on October 22, 2026. The contract value is $40,000.
How much is the Rs Legacy Properties LLC contract with City of Grand Rapids worth?
The Rs Legacy Properties LLC contract with City of Grand Rapids is valued at $40,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Grand Rapids Economic Development Authority AgendaPacket October 22, 2026 (AgendaPacket), dated October 22, 2026 from City of Grand Rapids. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Rs Legacy Properties LLC hold?
Rs Legacy Properties 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.
What is City of Grand Rapids currently buying?
Explore City of Grand Rapids's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.