City of Huntington Board of Public Works & Safety Minutes 2026-05-18
Economic Development Loan Approved for South Side Grocery
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Description
The City of Huntington Board of Public Works & Safety approved an economic development loan to South Side Grocery, LLC for up to $200,000 at 5% for a two-year term, with an option to extend for a third year. The business must complete a public offering before drawing the loan.
Contract Details
Contract Amount
Not more than $200,000 at 5%
Vendor
SOUTH SIDE GROCERY LLC
Agency
City of Huntington, IN
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Two (2) year term, option to extend to third year
Renewal Date
2028-05-18
Renewal Info
Option to extend for a third year after initial two-year term.
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