City of Farmington Awards Financial Services Contract to Umb Bank NA (November 2026)
City of FarmingtonCity · Farmington, MN- Disclosed value
- $1,470,000 original principal amount of the Taxable Tax Increment Revenue Note serving as collateral
- From agendapacket
- Approved
- Nov 14, 2026
The 30-second brief
Farmington’s Economic Development Authority consented to UMB Bank, N.A.’s role as trustee under a collateral assignment securing financing for Legacy of Farmington Senior Living. The collateral includes the project’s TIF agreement, $1.47 million revenue note and available tax increments.
Umb Bank NA holds this financial services contract with City of Farmington. Its other public contracts on record include work for City of Gretna and City of Harrison.
Term as filed: 2026-11-16 – until satisfaction of secured obligations.
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Contract details
- Contract type
- Financial Services
- Amount
- $1,470,000 original principal amount of the Taxable Tax Increment Revenue Note serving as collateral
- Document date
- November 14, 2026
- Term
- 2026-11-16 – until satisfaction of secured obligations
- Vendor
- Umb Bank NA
- Agency
- City of Farmington
- Source document
- Farmington Economic Development Authority Agenda Packet 2026-11-16 (AgendaPacket)
Umb Bank NA's other public contracts
More City of Farmington contracts
Questions about this contract
Who was awarded the financial services contract by City of Farmington?
Umb Bank NA was awarded this financial services contract by City of Farmington, as recorded on November 14, 2026. The contract value is $1,470,000 original principal amount of the Taxable Tax Increment Revenue Note serving as collateral.
How much is the Umb Bank NA contract with City of Farmington worth?
The Umb Bank NA contract with City of Farmington is valued at $1,470,000 original principal amount of the Taxable Tax Increment Revenue Note serving as collateral, 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 Farmington Economic Development Authority Agenda Packet 2026-11-16 (AgendaPacket), dated November 14, 2026 from City of Farmington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Umb Bank NA hold?
Umb Bank NA 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 Farmington currently buying?
Explore City of Farmington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
