GMEF Loan Approved for L&L Homestyle Café, LLC
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Description
The City Council approved a $65,000 GMEF loan including a business subsidy agreement for L&L Homestyle Café, LLC, supporting renovations and equipment purchases for their new café in downtown Monticello.
Contract Details
Contract Amount
$65,000
Vendor
L&L HOMESTYLE CAFÉ LLC
Agency
City of Monticello, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Contract Term
10-year term, 4.75% interest, fully amortizing
Renewal Date
2036-03-11
Renewal Info
10-year fully amortizing loan; requires annual reporting and repayment provisions for business subsidy.
More from L&L HOMESTYLE CAFÉ LLC
More from City of Monticello
Monticello City Council Agenda Packet March 23 2026
Monticello City Council Agenda Packet March 23 2026
Monticello City Council Agenda Packet March 23 2026
Monticello City Council Agenda Packet March 23 2026
Monticello City Council Agenda Packet March 23 2026
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