City loan agreements subordinated for Hoffman Place project
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Description
The City Council plans to approve a resolution subordinating the City's loan and development agreements with WBL Hoffman Place, LLC. This action adjusts the priority of the City's interest in the project financing structure.
Contract Details
Vendor
WBL HOFFMAN PLACE LLC
Agency
City of White Bear Lake, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Subordination modifies existing loan and development agreements; original terms remain except for security priority changes.
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