FINANCIAL_SERVICESPENDING

LISC Issues Term Sheet for Le Sueur Meadows Loan

Local Initiatives Support Corporation signaled interest in providing up to a $2 million, 10-year loan at 4.45% to finance refinancing and rehabilitation of Le Sueur Meadows I. The nonbinding term sheet, shared with the Le Sueur EDA, outlines full-recourse, first-lien financing dependent on underwriting.

Status
PENDING
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Local Initiatives Support Corporation
Agency
City of Le Sueur · MN

Trusted by teams at

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
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 $2,000,000
Contract type
FINANCIAL_SERVICES
Contract term
120 months (10 years)
Renewal date
2036-04-08
Renewal
Nonbinding term sheet for a prospective 10-year loan; no renewal or extension options are specified pending final loan approval and documentation.
Document type
AgendaPacket
Source document
Le Sueur Economic Development Authority Agenda Packet 2026-07-27

Related contracts

Other contracts from Local Initiatives Support Corporation.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Le Sueur?

Local Initiatives Support Corporation was awarded this financial services contract by City of Le Sueur, as recorded on July 27, 2026. The contract value is Up to $2,000,000.

How much is the Local Initiatives Support Corporation contract with City of Le Sueur worth?

The Local Initiatives Support Corporation contract with City of Le Sueur is valued at Up to $2,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Le Sueur Economic Development Authority Agenda Packet 2026-07-27 (AgendaPacket), dated July 27, 2026 from City of Le Sueur. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Local Initiatives Support Corporation hold?

Local Initiatives Support Corporation 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 Local Initiatives Support Corporation's profile

What is City of Le Sueur currently buying?

Explore City of Le Sueur's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Le Sueur's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free