Grand Forks Committee of the Whole Minutes 2026-05-11
2013 Subordination of City Loan to Bremer Bank
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Description
In 2013, Grand Forks subordinated its forgivable loan mortgage on the Metropolitan Opera House property to Bremer Bank to facilitate Rhombus House of Pizza, LLC’s acquisition financing. This prior approval is referenced in the current refinancing discussion.
Contract Details
Vendor
BREMER BANK
Agency
City of Grand Forks, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Historical one-time subordination action in 2013; later superseded by current refinancing discussions with a new lender.
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