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

Supporting Documents:

Legislative History:

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

Submit written comments about this item to: [email protected].

Last updated Dec 2, 2015

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