CONTRACTAPPROVED

City of Rockland Awards $500,000 Financial Services Contract to Lake City Holdings (May 2026)

Disclosed value: $500,000; From minutes
Approved: May 4, 2026

What it covers

Rockland authorized pursuing a $500,000 CDBG Housing Assistance grant to structure a long-term, 0% subordinate loan to Lake City Holdings for rental housing on the former McLain School property. The City Manager may accept and expend the funds and sign all required agreements if the grant is awarded.

Who holds it

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

What happens next

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

See who signed off on this $500K contract.

See who signed off

Free account · 30-second setup · No credit card

Contract details

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

Lake City Holdings's other public contracts

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 Included In McLain CDBG Loan Plan · May 4, 2026 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

More City of Rockland contracts

Rockland Main Street IncFestival of Lights Property Use Proposed for Rockland Main Street · Oct 14, 2026Undisclosed Rockland CommonsRockland Considers Tax Agreement With Rockland Commons · Oct 14, 2026Undisclosed Rockland Main Street IncRockland Proposes $45,000 Main Street Funding · Oct 14, 2026$45K Rockland Main Street IncRockland Considers $45,000 Downtown Main Street Funding · Oct 5, 2026$45K Rockland Main Street IncRockland Considers Festival of Lights Use Authorization · Oct 5, 2026Undisclosed All City of Rockland activityAgency profile

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.

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, 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 Special Meeting 2026-05-04 (Minutes), dated May 4, 2026 from City of Rockland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

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.

Work in government? Get Civic IQ free →

More City of Rockland contracts →Browse all agencies in Maine →