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FINANCIAL_SERVICESAPPROVED

City of White Bear Lake Agenda 2026-05-26

City Subordinates Development Loan for Hoffman Place

Town of White Bear LakeWBL HOFFMAN PLACE LLCMay 25, 2026

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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

Description

White Bear Lake approved subordination of its loan and development agreements with WBL Hoffman Place, LLC under Resolution No. 13652. The change in lien priority supports the project's financing structure while maintaining the City's development partnership.

Contract Details

Vendor

WBL HOFFMAN PLACE LLC

Agency

Town of White Bear Lake, MN

Contract Type

FINANCIAL_SERVICES

Document Date

May 25, 2026

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