VLDC Moves To Enforce Defaulted Victor Music Experience Loan
Town of VictorCity · SD- Disclosed value
- approximately $5,300 outstanding balance plus $500 in attorney’s fees
- From minutes
- Document date
- Jun 23, 2026
The 30-second brief
The Victor Local Development Corporation addressed a defaulted business loan to Victor Music Experience totaling roughly $5,800 including attorney’s fees. The Board approved sending a revised default letter, enforcing a personal guarantee, and pursuing a personal judgment and property lien if repayment is not made by July 30.
Victor Music Experience holds this financial services contract with Town of Victor.
Term as filed: Original loan agreement with balloon payment due October 30; revised repayment deadline to July 30 (30-day cure period).
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Contract details
- Contract type
- Financial Services
- Amount
- approximately $5,300 outstanding balance plus $500 in attorney’s fees
- Document date
- June 23, 2026
- Term
- Original loan agreement with balloon payment due October 30; revised repayment deadline to July 30 (30-day cure period)
- Vendor
- Victor Music Experience
- Agency
- Town of Victor
- Source document
- Victor Local Development Corporation Minutes Regular Meeting 2026-06-23 (Minutes)
Victor Music Experience's other public contracts
More Town of Victor contracts
Questions about this contract
Who was awarded the financial services contract by Town of Victor?
Victor Music Experience was awarded this financial services contract by Town of Victor, as recorded on June 23, 2026. The contract value is approximately $5,300 outstanding balance plus $500 in attorney’s fees.
How much is the Victor Music Experience contract with Town of Victor worth?
The Victor Music Experience contract with Town of Victor is valued at approximately $5,300 outstanding balance plus $500 in attorney’s fees, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Victor Local Development Corporation Minutes Regular Meeting 2026-06-23 (Minutes), dated June 23, 2026 from Town of Victor. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Victor Music Experience hold?
Victor Music Experience may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Town of Victor currently buying?
Explore Town of Victor's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.