City of Charles City Agenda 2026-06-01
Farmers State Bank Receives Collateral Assignment for Union Place Loan
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Description
Farmers State Bank was approved by the City to receive collateral assignment of Union Place, LLC’s development agreement rights as the lender for the Union Place housing project financing.
Contract Details
Vendor
FARMERS STATE BANK
Agency
City of Charles, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Assignment in effect for loan duration unless amended; lender must consent to major contract changes.
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