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City of Beatrice Awards $1,500,000 Economic Development Loan Contract to PADDOCK (May 2025)

City of Beatrice
Disclosed value
$1,500,000.00
From minutes
Approved
May 19, 2025
Term
9 years

The 30-second brief

What it covers

Resolution Number 7558 executing a Loan Agreement with The Paddock, LLC, for an economic development loan totaling $1,500,000.00 from LB 840 funds. The loan is for the Paddock Kensington Building project and is forgivable if the developer meets certain requirements over the term of the loan.

Who holds it

PADDOCK holds this economic development loan contract with City of Beatrice. Its other public contracts on record include work for Town of Chesapeake Beach and Campton Hills village.

What happens next

Term as filed: 9 years.

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Contract details

Contract type
Economic Development Loan
Amount
$1,500,000.00
Document date
May 19, 2025
Term
9 years
Vendor
PADDOCK
Agency
City of Beatrice
Source document
city-of-beatrice-regular-city-council-meeting-minutes-may-19-2025_51e.pdf (Minutes)

PADDOCK's other public contracts

Town of Chesapeake Beach, MarylandPaddock Manages Pool Design and Health Approvals · Jun 18, 2026UndisclosedCampton Hills village, IllinoisPayment to Paddock Approved Pending Escrow Receipt · Mar 3, 2026UndisclosedCampton Hills village, IllinoisVillage Approves Paddock Invoices Pending Escrow Receipts · Feb 3, 2026UndisclosedFairmont SD 89, IllinoisPaddock Conducts Gym Mat Assessment for Equipment Purchase · Jan 21, 2026UndisclosedFairmont SD 89, IllinoisVendor Paddock Measures for New Gym Mats Procurement · Jan 14, 2026UndisclosedAll PADDOCK contractsVendor profile

More City of Beatrice contracts

Gage County, NebraskaBeatrice Approves Shared Medical Costs MOU · Oct 19, 2026UndisclosedPrellwitz Exteriors LLCBeatrice Approves Roof Rehabilitation Payment to Prellwitz Exteriors · Oct 19, 2026Lammel Plumbing IncLammel Plumbing Performs $69,000 Downtown Rehabilitation · Oct 19, 2026$69KCb Masonry / MasonCB Masonry Performs Work on Beatrice Rehabilitation · Oct 19, 2026$3.6KBeatrice Rotary FoundationBeatrice Approves Veterans Park Sculpture Funding · Oct 19, 2026$10KAll City of Beatrice activityAgency profile

Questions about this contract

Who was awarded the economic development loan contract by City of Beatrice?

PADDOCK was awarded this economic development loan contract by City of Beatrice, as recorded on May 19, 2025. The contract value is $1,500,000.00.

How much is the PADDOCK contract with City of Beatrice worth?

The PADDOCK contract with City of Beatrice is valued at $1,500,000.00, covering economic development loan work.

What type of contract is this?

This is a Economic Development Loan contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-beatrice-regular-city-council-meeting-minutes-may-19-2025_51e.pdf (Minutes), dated May 19, 2025 from City of Beatrice. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PADDOCK hold?

PADDOCK 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 Beatrice currently buying?

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

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