City of Hibbing Awards Financial Services Contract to Iron Range Resources & Rehabilitation (October 2024)

Scope & details

The full contract record, as filed.

Contract amount

Loan up to $4,500,000; plus $600,000 grant portion; total participation with DEED $9,000,000 combined loan

Contract type

FINANCIAL_SERVICES

Contract term

Loan agreement dated October 21, 2024; up to 20 years stated in amortization schedule, 0% interest

Renewal date

2044-10-21

Renewal

Loan may be repaid over up to 20 years; terms per amortization schedule; covered by promissory note and security agreement.

Document type

Agenda

Source document

Hibbing Economic Development Authority Meeting Agenda October 2024

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city_council_agenda_item_report_cells_tower_propos.pdf

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Hibbing Economic Development Authority Regular Meeting Agenda May 2024

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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 Hibbing?

Iron Range Resources & Rehabilitation was awarded this financial services contract by City of Hibbing, as recorded on October 21, 2024. The contract value is Loan up to $4,500,000; plus $600,000 grant portion; total participation with DEED $9,000,000 combined loan.

How much is the Iron Range Resources & Rehabilitation contract with City of Hibbing worth?

The Iron Range Resources & Rehabilitation contract with City of Hibbing is valued at Loan up to $4,500,000; plus $600,000 grant portion; total participation with DEED $9,000,000 combined loan, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hibbing Economic Development Authority Meeting Agenda October 2024 (Agenda), dated October 21, 2024 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Iron Range Resources & Rehabilitation hold?

Iron Range Resources & Rehabilitation 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 Iron Range Resources & Rehabilitation's profile

What is City of Hibbing currently buying?

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

View City of Hibbing's profile