Hennepin County Awards Financial Services Contract to Lument Securities Llc (December 2025)

The Board approved inclusion of Lument Securities, LLC in the bond placement agreement for the Springs LP multifamily housing revenue bonds, enabling the firm to facilitate sale of up to $41.2 million in tax-exempt securities. The engagement supports financing for the rehabilitation and expansion of The Springs affordable housing project.

Document date · December 11, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

On or after 06/01/25, associated with bond placement

Renewal

Lument’s role is tied to the 2025 bond placement; no ongoing renewal beyond the transaction is specified.

Document type

Agenda

Source document

hennepin_county_housing_and_redevelopment_authorit.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hennepin County?

Lument Securities Llc was awarded this financial services contract by Hennepin County, as recorded on December 11, 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 hennepin_county_housing_and_redevelopment_authorit.pdf (Agenda), dated December 11, 2025 from Hennepin County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lument Securities Llc hold?

Lument Securities 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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