FINANCIAL_SERVICESAPPROVED

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

Lino Lakes approved Resolution No. 26-156 authorizing issuance and sale of a Senior Housing Revenue Refunding Note, Series 2026, to Old National Bank, in an amount not to exceed $60 million, to refinance Lyngblomsten senior housing debt. The borrower will pay all issuance costs plus a $60,000 administrative fee to the City.

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 amount
Not to exceed $60,000,000 (note principal); City administrative fee $60,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Refunding and refinancing of existing 2021 senior housing and related taxable notes; future refinancing options not specified.
Document type
AgendaPacket
Source document
City of Lino Lakes Agenda Packet 2026-08-24

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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. The contract value is Not to exceed $60,000,000 (note principal); City administrative fee $60,000.00.

How much is the Old National Bank contract with City of Lino Lakes worth?

The Old National Bank contract with City of Lino Lakes is valued at Not to exceed $60,000,000 (note principal); City administrative fee $60,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lino Lakes Agenda Packet 2026-08-24 (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?

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

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