City Plans Amendment to Speakeasy Ramen CDBG Loan

Troy’s Recreation & Parks Committee recommends amending the existing CDBG loan for Speakeasy Ramen LLC to permit six months of interest-only payments starting January 1, 2026. The amendment requires a UCC lien on new business assets and is sought on an emergency basis to allow timely equipment purchases.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Beginning January 1, 2026; interest-only for six months

Renewal date

2026-07-01

Renewal

Amendment provides a six‑month interest‑only payment period commencing January 1, 2026, and requires a UCC lien on new business assets; original loan terms otherwise remain in effect.

Document type

Agenda

Source document

troy_city_council_agenda_december_1_2025.pdf

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Troy City Council Agenda Packet 2026-08-03

PENDING

Town of Troy, OhioAug 3, 2026

troy_city_council_committee_meeting_agenda_novembe.pdf

AMENDED

Miami Metropolitian Housing Authority, Ohio$300,000 original loan; current balance $174,006.67Nov 24, 2025

troy_city_council_committee_meeting_agenda_novembe.pdf

AMENDED

City of Troy, Ohio$300,000 original loan; current balance $174,006.67Nov 24, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

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

Speakeasy Ramen Llc was awarded this financial services contract by City of Troy, as recorded on December 1, 2025.

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 troy_city_council_agenda_december_1_2025.pdf (Agenda), dated December 1, 2025 from City of Troy. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Speakeasy Ramen Llc hold?

Speakeasy Ramen Llc 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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