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FINANCIAL_SERVICESAPPROVED

Monticello City Council Agenda Packet March 23 2026

GMEF Loan Approved for L&L Homestyle Café, LLC

$65,000City of MonticelloL&L HOMESTYLE CAFÉ LLCMarch 23, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

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.

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