st_louis_park_city_council_and_eda_meeting_agenda.pdf
Cedar Rapids Bank and Trust Approved as Senior Lender for Beltline Station Bonds
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Description
Cedar Rapids Bank and Trust will serve as the senior lender for the Beltline Station affordable housing project, purchasing up to $14.5 million in city-issued conduit bonds. Subordination agreement and financing documents authorized by city and EDA.
Contract Details
Contract Amount
Not disclosed (bond purchase for up to $14,500,000 principal)
Vendor
CEDAR RAPIDS BANK & TRUST
Agency
City of St. Louis Park, MN
Contract Type
FINANCIAL_SERVICES
Document Date
December 1, 2025
Contract Term
Bond closing December 2025, construction to begin January 2026
Renewal Date
2027-03-31
Renewal Info
Future amendments permissible by delegated city/EDA authorization if they do not adversely impact city interests or violate policy.
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