Virginia City Council Minutes
City backs airport grant note with Miners Bank
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Description
Virginia City Council approved a State and Federal Grant Receipt Pledge Agreement supporting a short-term grant anticipation note for the Ev-VA Airport, to be financed through Miners Bank. The note, already approved by Eveleth and Miners Bank, is scheduled to close on January 20, 2026, to fund airport snow removal equipment.
Contract Details
Vendor
MINERS BANK
Agency
City of Virginia, MN
Contract Type
FINANCIAL_SERVICES
Document Date
January 13, 2026
Contract Term
Short-term general obligation grant anticipation note scheduled to close January 20, 2026
Renewal Info
Short-term general obligation grant anticipation note tied to reimbursement of state and federal grant funds; no renewal terms stated.
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