File Number: 15-01460
Tax-exempt term loans with US Bank for Nicollet Mall project
Passage of Resolution authorizing the issuance of General Obligation Tax-Exempt Term Loans with US Bank for temporary financing of $25,000,000 for construction of the new Nicollet Mall project, approximately $18,700,000 of new net debt financing for various previously approved City capital improvements, approximately $6,300,000 for refunding the City’s General Obligation Various Purpose Refunding Bonds, Series 2005B and finally allowing for amending and extending the terms of two existing loans totaling $42,195,000 with US Bank at more favorable interest rates and terms.
Originating Department: Finance & Property Services
- Nicollet Mall-US Bank Bonding Resolution RCA
- Bond Authorization Resolution
- Form of Term Loan Agreement with attached Term Loan Note
Nov. 16, 2015: WM Agenda
Nov. 16, 2015: WM Committee Report
Nov. 20, 2015: City Council Agenda
Nov. 20, 2015: Official Proceedings
Nov. 23, 2015: Official Act
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Last updated Dec 2, 2015