City Considers Loan Terms Change With Red Tower Capital

The City of Isleton is considering Resolution # 11-26 to approve a Change in Terms Agreement with RTC VI, LLC / Red Tower Capital for the City's existing loan obligation. The action would also approve related security documents and authorize the Interim City Manager to execute all required documents.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Change in Terms Agreement will modify the conditions of an existing loan; specific new maturity date or renewal terms are not provided in the agenda text.

Document type

Agenda

Source document

City of Isleton Agenda Regular Meeting 2026-07-14

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City of Isleton Agenda 2026-07-14

APPROVED

City of Isleton, CaliforniaPrincipal balance $467,435.18 after $85,000 reduction; 10% interest with $6,697.27 monthly paymentsJul 14, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

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

Rtc Vi Llc / Red Tower Capital was awarded this financial services contract by City of Isleton, as recorded on July 14, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Isleton Agenda Regular Meeting 2026-07-14 (Agenda), dated July 14, 2026 from City of Isleton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rtc Vi Llc / Red Tower Capital hold?

Rtc Vi Llc / Red Tower Capital may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Isleton currently buying?

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