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FINANCIAL_SERVICESAPPROVED

city-of-norwalk-business-meeting-agenda-august-7-2025_192.pdf

Lincoln Savings Bank Takes Assignment of SportsPlex Agreement

City of CarpenterLINCOLN SAVINGS BANKAugust 7, 2025

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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

Lincoln Savings Bank will become assignee of Norwalk’s Development Agreement originally executed with SportsPlex USA, L.C. The council resolution authorizes the assignment and recognizes the bank’s role in the project.

Contract Details

Vendor

LINCOLN SAVINGS BANK

Agency

City of Carpenter, IA

Contract Type

FINANCIAL_SERVICES

Document Date

August 7, 2025

Renewal Info

Bank becomes the new counterparty to an existing development agreement via assignment; renewal terms not addressed in the agenda.

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