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EDA Recommends Housing Loan for Sparrow Valley Properties

City of Lanesboro
Disclosed value
$75,000
From minutes
Document date
Jan 6, 2022
Term
7 years at 2% interest
Renews
Free account

The 30-second brief

What it covers

The EDA twice recommended that Sparrow Valley Properties receive a $75,000, seven‑year loan at 2% interest for a nine‑unit housing project, contingent on tax abatement and a development agreement, funded through a utility‑backed revolving loan.

Who holds it

Sparrow Valley Properties holds this financial services contract with City of Lanesboro. Its other public contracts on record include work for City of Flensburg.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Lanesboro contract.

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Contract details

Contract type
Financial Services
Amount
$75,000
Document date
January 6, 2022
Term
7 years at 2% interest
Renews
Free account
Vendor
Sparrow Valley Properties
Agency
City of Lanesboro
Source document
lanesboro_economic_development_authority_regular_m.pdf (Minutes)

Sparrow Valley Properties's other public contracts

City of Lanesboro, MinnesotaSparrow Valley Deadline Extended for Development Project · Feb 5, 2024UndisclosedCity of Flensburg, MinnesotaLanesboro Extends Sparrow Valley Project Deadline · Feb 5, 2024UndisclosedAll Sparrow Valley Properties contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Lanesboro?

Sparrow Valley Properties was awarded this financial services contract by City of Lanesboro, as recorded on January 6, 2022. The contract value is $75,000.

How much is the Sparrow Valley Properties contract with City of Lanesboro worth?

The Sparrow Valley Properties contract with City of Lanesboro is valued at $75,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in lanesboro_economic_development_authority_regular_m.pdf (Minutes), dated January 6, 2022 from City of Lanesboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Sparrow Valley Properties hold?

Sparrow Valley Properties 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 Lanesboro currently buying?

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

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