City weighs renewal of homeless shelter bridge loan MOU
City of Presque IsleCity · Presque Isle, ME- Disclosed value
- Up to $150,000
- From agendapacket
- Document date
- Jun 3, 2026
The 30-second brief
The City of Presque Isle is considering renewal of its Memorandum of Understanding with Homeless Services of Aroostook to provide up to $150,000 in short-term, interest-free bridge funding as a recoverable loan for shelter operations and payroll. Homeless Services of Aroostook expects to repay the loan using approximately $200,000 in state funding anticipated in late summer and under the existing 24‑month repayment structure.
Homeless Services of Aroostook holds this financial services contract with City of Presque Isle. Its other public contracts on record include work for Town of Portage Lake and Town of Washburn.
Term as filed: Twelve (12) months from the Effective Date, with loan repayment term of Twenty-Four (24) months.
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Contract details
- Contract type
- Financial Services
- Amount
- Up to $150,000
- Document date
- June 3, 2026
- Term
- Twelve (12) months from the Effective Date, with loan repayment term of Twenty-Four (24) months
- Agency
- City of Presque Isle
- Source document
- City of Presque Isle Agenda Packet 2026-06-03 (AgendaPacket)
Homeless Services of Aroostook's other public contracts
More City of Presque Isle contracts
Questions about this contract
Who was awarded the financial services contract by City of Presque Isle?
Homeless Services of Aroostook was awarded this financial services contract by City of Presque Isle, as recorded on June 3, 2026. The contract value is Up to $150,000.
How much is the Homeless Services of Aroostook contract with City of Presque Isle worth?
The Homeless Services of Aroostook contract with City of Presque Isle is valued at Up to $150,000, 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 City of Presque Isle Agenda Packet 2026-06-03 (AgendaPacket), dated June 3, 2026 from City of Presque Isle. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Homeless Services of Aroostook hold?
Homeless Services of Aroostook 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 Presque Isle currently buying?
Explore City of Presque Isle's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.