CONTRACTAPPROVED

City of Rockland Awards Financial Services Contract to Lake City Holdings (May 2026)

Disclosed value: $500,000 (0% long-term loan, if awarded); From minutes
Approved: May 4, 2026

What it covers

The City Council approved submission of a $500,000 CDBG Housing Assistance application that would provide a long-term, 0% subordinate loan to Lake City Holdings for affordable rental units at the former McLain School. Repayment would be deferred until the end of the loan term, with no City match required.

Who holds it

Lake City Holdings holds this financial services contract with City of Rockland.

What happens next

Term as filed: Long-term 0% loan with payment deferred until end of loan term.

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Contract details

Contract type: Financial Services
Amount: $500,000 (0% long-term loan, if awarded)
Document date: May 4, 2026
Term: Long-term 0% loan with payment deferred until end of loan term
Vendor: Lake City Holdings
Agency: City of Rockland
Source document: City of Rockland Minutes 2026-05-04 (Minutes)

Lake City Holdings's other public contracts

City of Rockland, MaineCDBG Support Advanced for Lake City Housing Project · May 4, 2026$500K City of Rockland, MaineRockland Seeks CDBG Funds for Lake City Holdings Project · May 4, 2026$500K City of Rockland, MaineRockland Seeks CDBG Support for Lake City Holdings · May 4, 2026$500K City of Rockland, MaineLake City Holdings gets approval for subdivision · Jul 15, 2025Undisclosed City of Rockland, MaineCity considers option with Lake City Holdings · May 5, 2025Undisclosed All Lake City Holdings contractsVendor profile

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Questions about this contract

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

Lake City Holdings was awarded this financial services contract by City of Rockland, as recorded on May 4, 2026. The contract value is $500,000 (0% long-term loan, if awarded).

How much is the Lake City Holdings contract with City of Rockland worth?

The Lake City Holdings contract with City of Rockland is valued at $500,000 (0% long-term loan, if awarded), 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 City of Rockland Minutes 2026-05-04 (Minutes), dated May 4, 2026 from City of Rockland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Lake City Holdings hold?

Lake City Holdings 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 Rockland currently buying?

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

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