City of St. Cloud Minutes Proceedings 2026-05-04
Gate City Bank Purchases Eastman Park Lot For $1.4M
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Description
The City of St. Cloud approved the sale of Lot 1, Block 2, Eastman Park Addition to Gate City Bank for $1.4 million, near the appraised value. The resolution authorizes execution of all documents needed to complete the property transaction, enabling construction of a new financial institution.
Contract Details
Contract Amount
$1,400,000
Vendor
GATE CITY BANK
Agency
Town of Lida, MN
Contract Type
OTHER
Document Date
May 4, 2026
Renewal Info
This is a one-time property sale; no renewal provisions are indicated.
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