FINANCIAL_SERVICESAPPROVED

Town of Roseville Awards Financial Services Contract to Standard Communities (May 2026)

The Roseville City Council granted preliminary approval for Standard Communities to seek up to $23.75 million in tax-exempt conduit bonds for the acquisition and renovation of a 127-unit affordable senior housing facility. The city acts as issuer but assumes no financial risk, collecting a 1% administrative fee.

Status
APPROVED
Document date
May 4, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Standard Communities
Agency
Town of Roseville · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
up to $23,750,000 (conduit bonds); city administrative fee: 1%
Contract type
FINANCIAL_SERVICES
Contract term
Expected 16-17 years; up to 30 years authorized by law
Renewal date
2042-05-04
Renewal
Final approval required after state bonding authority is granted; regulatory agreement preserves affordability for 30 years.
Document type
Minutes
Source document
City of Roseville Regular City Council Meeting Minutes 2026-05-04

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Roseville?

Standard Communities was awarded this financial services contract by Town of Roseville, as recorded on May 4, 2026. The contract value is up to $23,750,000 (conduit bonds); city administrative fee: 1%.

How much is the Standard Communities contract with Town of Roseville worth?

The Standard Communities contract with Town of Roseville is valued at up to $23,750,000 (conduit bonds); city administrative fee: 1%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Roseville Regular City Council Meeting Minutes 2026-05-04 (Minutes), dated May 4, 2026 from Town of Roseville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Standard Communities hold?

Standard Communities may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Standard Communities's profile

What is Town of Roseville currently buying?

Explore Town of Roseville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Roseville's profile

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