FINANCIAL_SERVICESAPPROVED

City of Lino Lakes Awards Financial Services Contract to Old National Bank (August 2026)

The Authority approved an agreement granting Old National Bank a collateral assignment of Lyngblomsten’s development agreement and TIF note interests and subordinating certain rights to the bank’s mortgage. This arrangement secures the bank’s refinancing loan for the senior housing project.

Status
APPROVED
Document date
August 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Old National Bank
Agency
City of Lino Lakes · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Document type
AgendaPacket
Source document
Lino Lakes Economic Development Authority AgendaPacket August 24, 2026

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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 Lino Lakes?

Old National Bank was awarded this financial services contract by City of Lino Lakes, as recorded on August 24, 2026.

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 Lino Lakes Economic Development Authority AgendaPacket August 24, 2026 (AgendaPacket), dated August 24, 2026 from City of Lino Lakes. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Old National Bank hold?

Old National Bank 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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What is City of Lino Lakes currently buying?

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