City of Glencoe AgendaPacket City Council Meeting 2026-06-15
City Approves Leasehold Mortgage for Health Bond
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Description
The council approved Security Bank and Trust, Co. as lender for the mortgage of Glencoe Regional Health Services’ leasehold interest on city-owned property tied to a new bond offering. Approval authorizes execution of required consent and related documents.
Contract Details
Vendor
SECURITY BANK & TRUST CO
Agency
Town of Glencoe, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
Term of bond mortgage (not specified)
Renewal Info
Consent applies throughout the period the mortgage encumbers the leasehold interest; term aligns with bond duration.
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