FINANCIAL_SERVICESAWARDED

City of Annandale Awards $538,000 Financial Services Contract to Lake Central Bank (August 2026)

The City of Annandale awarded the purchase of its $538,000 General Obligation Tax Abatement Note, Series 2026A, to Lake Central Bank at a fixed 4.45% rate. The 15-year note will finance Morrison Avenue improvements and will be repaid from tax abatements and an annual property tax levy through 2042.

Status
AWARDED
Document date
August 8, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lake Central Bank
Agency
City of Annandale · MN

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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

Scope & details

The full contract record, as filed.

Contract amount
$538,000
Contract type
FINANCIAL_SERVICES
Contract term
September 1, 2026 – February 1, 2042 (15-year term)
Renewal date
2042-02-01
Renewal
Single 15-year note, callable beginning February 1, 2032; no renewal options stated.
Document type
AgendaPacket
Source document
City of Annandale Council Meeting Agenda Packet 2026-08-10

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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 Annandale?

Lake Central Bank was awarded this financial services contract by City of Annandale, as recorded on August 8, 2026. The contract value is $538,000.

How much is the Lake Central Bank contract with City of Annandale worth?

The Lake Central Bank contract with City of Annandale is valued at $538,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Annandale Council Meeting Agenda Packet 2026-08-10 (AgendaPacket), dated August 8, 2026 from City of Annandale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lake Central Bank hold?

Lake Central Bank 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 Lake Central Bank's profile

What is City of Annandale currently buying?

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

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