CONTRACTAPPROVED

City of Edina Awards $650,767 Loan Amendment Contract to Edina Chamber of Commerce Association (April 2025)

City of Edina logoCity of Edina
Disclosed value
$650,767.01
From agenda
Approved
Apr 10, 2025
Term
15 years

The 30-second brief

What it covers

The Edina HRA has approved a second amendment to the draw-down loan agreement with the Edina Chamber of Commerce Association, Inc., concerning the Edina Innovation Lab project at 7201 Metro Boulevard. The loan balance is $474,222.87 as of April 10, 2025, with the loan amortized over a fifteen (15) year term ending December 1, 2039.

Who holds it

Edina Chamber of Commerce Association holds this loan amendment contract with City of Edina.

What happens next

Term as filed: 15 years.

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Contract details

Contract type
Loan Amendment
Amount
$650,767.01
Document date
April 10, 2025
Term
15 years
Source document
city-of-edina-housing-redevelopment-authority-meeting-agenda-april-10-2025_61b.pdf (Agenda)

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Questions about this contract

Who was awarded the loan amendment contract by City of Edina?

Edina Chamber of Commerce Association was awarded this loan amendment contract by City of Edina, as recorded on April 10, 2025. The contract value is $650,767.01.

How much is the Edina Chamber of Commerce Association contract with City of Edina worth?

The Edina Chamber of Commerce Association contract with City of Edina is valued at $650,767.01, covering loan amendment work.

What type of contract is this?

This is a Loan Amendment contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-edina-housing-redevelopment-authority-meeting-agenda-april-10-2025_61b.pdf (Agenda), dated April 10, 2025 from City of Edina. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Edina Chamber of Commerce Association hold?

Edina Chamber of Commerce Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Edina currently buying?

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

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