HEDA considers $296,000 predevelopment loan to Rebound
City of HibbingCity · Hibbing, MN- Disclosed value
- $296,000
- From agenda
- Document date
- Sep 1, 2026
The 30-second brief
The Hibbing Economic Development Authority conducted a public hearing on a proposed $296,000 predevelopment loan to Rebound Partners for the Iron Exchange at 400 redevelopment project. The loan would be drawn as needed and reimbursed at project closing if the project is completed, with no repayment if the project fails.
Rebound Partners holds this financial services contract with City of Hibbing. Its other public contracts on record include work for City of Faribault and THE HRA OF HIBBING, MINNESOTA.
Term as filed: Draw loan; initial draw $155,000 for July–August 2026, then $35,000 per month; reimbursed at project closing if project proceeds.
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Contract details
- Contract type
- Financial Services
- Amount
- $296,000
- Document date
- September 1, 2026
- Term
- Draw loan; initial draw $155,000 for July–August 2026, then $35,000 per month; reimbursed at project closing if project proceeds
- Vendor
- Rebound Partners
- Agency
- City of Hibbing
- Source document
- Hibbing Economic Development Authority Agenda 2026-09-01 (Agenda)
Rebound Partners's other public contracts
More City of Hibbing contracts
Questions about this contract
Who was awarded the financial services contract by City of Hibbing?
Rebound Partners was awarded this financial services contract by City of Hibbing, as recorded on September 1, 2026. The contract value is $296,000.
How much is the Rebound Partners contract with City of Hibbing worth?
The Rebound Partners contract with City of Hibbing is valued at $296,000, 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 Agenda 2026-09-01 (Agenda), dated September 1, 2026 from City of Hibbing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Rebound Partners hold?
Rebound Partners 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 Hibbing currently buying?
Explore City of Hibbing's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.