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Redevelopment agency reviews $250,000 Honeysuckle Coffee Co. loan proposal for Main Street site
Summary
Midvale RDA discussed a $250,000 loan request to convert an existing house and garage on Main Street into a café, bakery and Carolina-style smokehouse; loan committee recommended an interest‑free seven‑year term but final approval will return to the board after collateral details are finalized.
The Redevelopment Agency (RDA) of Midvale City reviewed a loan proposal on April 15 from Honeysuckle Coffee Co. to convert an existing Main Street house into a third café and bakery location with an attached Carolina‑style smokehouse. The RDA loan committee recommended term‑sheet elements and asked the agency board to take the item to a final vote after collateral verification.
Loan proposal and public‑benefit scoring: The borrower requested $250,000 for build‑out, kitchen equipment and café fixtures. Per the RDA’s business loan program, loans over $25,000 must meet minimum scoring and public‑benefit thresholds; the committee report given to the RDA states the…
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