FINANCIAL_SERVICESAPPROVED

DAKOTA county CDA Awards Financial Services Contract to U.s. Bank National Association (May 2026)

The CDA Board approved issuing up to $18,019,000 in Multifamily Housing Revenue Notes for the Burnsville Family Apartments project and authorized a Funding Loan Agreement with U.S. Bank, National Association as funding lender. The financing will be secured solely by project revenues and related collateral, with no recourse to the CDA’s tax base.

Status
APPROVED
Document date
May 19, 2026
Contract type
FINANCIAL_SERVICES
Vendor
U.s. Bank National Association
Agency
DAKOTA county CDA · MN

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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
Note principal amount not to exceed $18,019,000
Contract type
FINANCIAL_SERVICES
Contract term
Expected final bond maturity of up to 20 years
Renewal
Note terms, including maturity up to 20 years and any extensions or modifications, will be governed by the Funding Loan Agreement; future amendments may be approved administratively subject to specified conditions.
Document type
AgendaPacket
Source document
Dakota County CDA Board of Commissioners Agenda May 19 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by DAKOTA county CDA?

U.s. Bank National Association was awarded this financial services contract by DAKOTA county CDA, as recorded on May 19, 2026. The contract value is Note principal amount not to exceed $18,019,000.

How much is the U.s. Bank National Association contract with DAKOTA county CDA worth?

The U.s. Bank National Association contract with DAKOTA county CDA is valued at Note principal amount not to exceed $18,019,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Dakota County CDA Board of Commissioners Agenda May 19 2026 (AgendaPacket), dated May 19, 2026 from DAKOTA county CDA. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does U.s. Bank National Association hold?

U.s. Bank National Association 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 U.s. Bank National Association's profile

What is DAKOTA county CDA currently buying?

Explore DAKOTA county CDA's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View DAKOTA county CDA's profile

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