Agency Weighs Amendment To Liberty Theatre Loan
City of La GrandeCity · La Grande, OR- Disclosed value
- $257,250 (as of September 20, 2025; $150,000 principal and $107,250 interest)
- From agendapacket
- Document date
- Sep 3, 2025
The 30-second brief
The Urban Renewal Agency has an outstanding loan agreement with the Liberty Theatre Foundation totaling $257,250 as of September 20, 2025, structured to convert to a grant upon meeting fundraising and renovation milestones. The Foundation has requested a three‑year extension and relaxed forgiveness conditions to recognize the theatre as legally occupiable rather than fully operational, and the Agency is considering an amendment to accommodate these changes.
Liberty Theatre Foundation holds this financial services contract with City of La Grande. Its other public contracts on record include work for City of Vandalia.
Term as filed: Loan disbursements of $75,000 on August 19, 2011 and $75,000 on September 20, 2013, with ongoing interest at 5.5%; completion and funding milestones tied to loan forgiveness deadlines extended through at least September 20, 2025.
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Contract details
- Contract type
- Financial Services
- Amount
- $257,250 (as of September 20, 2025; $150,000 principal and $107,250 interest)
- Document date
- September 3, 2025
- Term
- Loan disbursements of $75,000 on August 19, 2011 and $75,000 on September 20, 2013, with ongoing interest at 5.5%; completion and funding milestones tied to loan forgiveness deadlines extended through at least September 20, 2025
- Agency
- City of La Grande
- Source document
- City of La Grande Urban Renewal Agency Agenda Packet 2025-09-03 (AgendaPacket)
Liberty Theatre Foundation's other public contracts
More City of La Grande contracts
Questions about this contract
Who was awarded the financial services contract by City of La Grande?
Liberty Theatre Foundation was awarded this financial services contract by City of La Grande, as recorded on September 3, 2025. The contract value is $257,250 (as of September 20, 2025; $150,000 principal and $107,250 interest).
How much is the Liberty Theatre Foundation contract with City of La Grande worth?
The Liberty Theatre Foundation contract with City of La Grande is valued at $257,250 (as of September 20, 2025; $150,000 principal and $107,250 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 City of La Grande Urban Renewal Agency Agenda Packet 2025-09-03 (AgendaPacket), dated September 3, 2025 from City of La Grande. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Liberty Theatre Foundation hold?
Liberty Theatre Foundation 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 La Grande currently buying?
Explore City of La Grande's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.