City amends forgivable loan agreement with RAK LLC
City of JeffersonCity · IA- Disclosed value
- $150,000.00
- From agendapacket
- Document date
- Nov 8, 2026
- Renews
- Free account
The 30-second brief
The City of Jefferson is amending its development agreement with RAK, LLC, d/b/a The Funky Zebra Jefferson Boutique, concerning a $150,000 forgivable loan for the redevelopment of 205 N. Wilson Avenue. The amendment permits leasing the property to Vault Nutrition for a smoothie and juice bar while adjusting the 10-year loan forgiveness schedule and maintaining retail operation requirements.
Rak LLC Dba the Funky Zebra Jefferson Boutiqe holds this financial services contract with City of Jefferson.
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Contract details
- Contract type
- Financial Services
- Amount
- $150,000.00
- Document date
- November 8, 2026
- Term
- Forgivable over 10 years (2022–2031 forgiveness schedule)
- Renews
- On record
- Vendor
- Rak LLC Dba the Funky Zebra Jefferson Boutiqe
- Agency
- City of Jefferson
- Source document
- City of Jefferson AgendaPacket City Council Meeting 2026-11-10 (AgendaPacket)
More City of Jefferson contracts
Questions about this contract
Who was awarded the financial services contract by City of Jefferson?
Rak LLC Dba the Funky Zebra Jefferson Boutiqe was awarded this financial services contract by City of Jefferson, as recorded on November 8, 2026. The contract value is $150,000.00.
How much is the Rak LLC Dba the Funky Zebra Jefferson Boutiqe contract with City of Jefferson worth?
The Rak LLC Dba the Funky Zebra Jefferson Boutiqe contract with City of Jefferson is valued at $150,000.00, 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 City of Jefferson AgendaPacket City Council Meeting 2026-11-10 (AgendaPacket), dated November 8, 2026 from City of Jefferson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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