FINANCIAL_SERVICESAPPROVED

City of Superior Minutes Superior Economic Development Committee 2026-02-25

EDRC Approves LB840 Loan for ZFI Stud LLC Housing

$7,500 per month for 24 months (total $180,000)City of SuperiorZFI STUD LLCFebruary 25, 2026

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Description

The Superior Economic Development Review Committee approved an LB840 loan for ZFI Stud LLC to finance residential rehabilitation projects, with disbursements of $7,500 per month for 24 months and repayment over 10 years at 2.5% interest. The loan features a two-year deferment before principal and interest payments begin and includes a $1,500 per FTE employment incentive.

Contract Details

Contract Amount

$7,500 per month for 24 months (total $180,000)

Vendor

ZFI STUD LLC

Agency

City of Superior, NE

Contract Type

FINANCIAL_SERVICES

Document Date

February 25, 2026

Contract Term

Disbursements of $7,500/month for 24 months; repayment begins month 25 over 10 years at 2.5% interest

Renewal Info

Loan features a 24‑month disbursement and deferment period with repayment starting on month 25 over 10 years at 2.5% interest; includes an FTE-based incentive of $1,500 per additional employee. No explicit renewal or extension options are described in the minutes.