FINANCIAL_SERVICESAWARDED

City of Little Canada Awards Financial Services Contract to Lupe Development (May 2026)

The Little Canada City Council approved the issuance and sale of up to $17,000,000 in conduit revenue bonds to finance Lupe Development’s 106-unit affordable senior housing project. All issuance costs and an $85,000 administrative fee will be paid by Lupe Development, with bond proceeds used for land acquisition and construction at 99 County Road B East. The project is subject to affordability covenants for the full bond term.

Status
AWARDED
Document date
May 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lupe Development
Agency
City of Little Canada · MN

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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
Not to exceed $17,000,000 (bond principal amount); City fee: $85,000
Contract type
FINANCIAL_SERVICES
Contract term
Bond closing anticipated June/July 2026; affordability term for as long as bonds outstanding
Renewal
No renewal; one-time issuance, but compliance and administration obligations remain throughout the life of the bonds.
Document type
AgendaPacket
Source document
Little Canada City Council Agenda Packet 2026-05-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Little Canada?

Lupe Development was awarded this financial services contract by City of Little Canada, as recorded on May 27, 2026. The contract value is Not to exceed $17,000,000 (bond principal amount); City fee: $85,000.

How much is the Lupe Development contract with City of Little Canada worth?

The Lupe Development contract with City of Little Canada is valued at Not to exceed $17,000,000 (bond principal amount); City fee: $85,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Little Canada City Council Agenda Packet 2026-05-27 (AgendaPacket), dated May 27, 2026 from City of Little Canada. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lupe Development hold?

Lupe Development 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 Lupe Development's profile

What is City of Little Canada currently buying?

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

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