FINANCIAL_SERVICESAWARDED

City of Osseo Awards $2,730,000 Financial Services Contract to Park State Bank (July 2026)

The Osseo City Council awarded the $2,730,000 Taxable General Obligation Tax Abatement Bonds, Series 2026A, to Park State Bank at a 6.75% interest rate. Debt service from August 1, 2027 through February 1, 2042 will be funded by revenues from the municipal cannabis dispensary and related commercial use.

Status
AWARDED
Document date
July 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Park State Bank
Agency
City of Osseo · MN

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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
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
$2,730,000
Contract type
FINANCIAL_SERVICES
Contract term
Principal and interest payments due August 1, 2027 through February 1, 2042
Renewal date
2042-02-01
Renewal
Bond term runs from initial payment date of August 1, 2027 through final maturity on February 1, 2042; bonds are subject to call and prior payment.
Document type
Minutes
Source document
Osseo City Council Regular Meeting Minutes 2026-07-27

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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 Osseo?

Park State Bank was awarded this financial services contract by City of Osseo, as recorded on July 27, 2026. The contract value is $2,730,000.

How much is the Park State Bank contract with City of Osseo worth?

The Park State Bank contract with City of Osseo is valued at $2,730,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Osseo City Council Regular Meeting Minutes 2026-07-27 (Minutes), dated July 27, 2026 from City of Osseo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Park State Bank hold?

Park State 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 Osseo currently buying?

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

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