City of Salt Lake Awards $1,000,000 Financial Services Contract to 323 Llc (August 2026)

The Community Reinvestment Agency Board approved a $1,000,000 Disaster Relief Loan Program loan to 323 LLC for reconstruction of the fire-damaged property at 323 South Main Street. The loan, approved under Resolution 16 of 2026, will restore the building to its pre-loss condition with specific terms on duration, interest, and default remedies.

Document date · August 18, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Up to five years, with option to extend; interest rate increases after five years

Renewal

Loan may be extended up to five years, after which the interest rate will increase; remedies in case of default include recording a lien against the property. Any further extensions or modifications would require future Board action.

Document type

Minutes

Source document

Community Reinvestment Agency of Salt Lake City Minutes August 18, 2026

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Salt Lake City Community Reinvestment Agency Agenda 2026-08-18

PENDING

City of Salt Lake, Utah$1,000,000Aug 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Salt Lake?

323 Llc was awarded this financial services contract by City of Salt Lake, as recorded on August 18, 2026. The contract value is $1,000,000.

How much is the 323 Llc contract with City of Salt Lake worth?

The 323 Llc contract with City of Salt Lake is valued at $1,000,000, 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 Community Reinvestment Agency of Salt Lake City Minutes August 18, 2026 (Minutes), dated August 18, 2026 from City of Salt Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 323 Llc hold?

323 Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View 323 Llc's profile

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