Lyngblomsten PAYGO Note Projected Paid Early

Lino Lakes is making tax-increment-funded payments to Lyngblomsten of Lino Lakes under a $3.656 million, interest-free PAYGO note for the senior housing campus. The note runs through February 1, 2033, but the City projects full repayment by the end of 2031.

Document date · October 6, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Maximum amount $3,656,000; outstanding balance $2,828,683 as of December 2025

Contract type

FINANCIAL_SERVICES

Contract term

October 11, 2021 – February 1, 2033

Renewal date

2033-02-01

Renewal

No renewal or extension identified. The note has a scheduled final payment date of February 1, 2033, with projected repayment by the end of 2031.

Document type

AgendaPacket

Source document

City of Lino Lakes AgendaPacket Economic Development Advisory Committee Meeting 2026-10-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lino Lakes?

Lyngblomsten of Lino Lakes was awarded this financial services contract by City of Lino Lakes, as recorded on October 6, 2026. The contract value is Maximum amount $3,656,000; outstanding balance $2,828,683 as of December 2025.

How much is the Lyngblomsten of Lino Lakes contract with City of Lino Lakes worth?

The Lyngblomsten of Lino Lakes contract with City of Lino Lakes is valued at Maximum amount $3,656,000; outstanding balance $2,828,683 as of December 2025, 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 City of Lino Lakes AgendaPacket Economic Development Advisory Committee Meeting 2026-10-08 (AgendaPacket), dated October 6, 2026 from City of Lino Lakes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lyngblomsten of Lino Lakes hold?

Lyngblomsten of Lino Lakes may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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