FINANCIAL_SERVICESAWARDED

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

The Osseo City Council awarded the sale of $2,730,000 in Taxable General Obligation Tax Abatement Bonds, Series 2026A, to Park State Bank at a 6.75% interest rate. The bonds will finance improvements to a city-owned building for a municipal cannabis dispensary and brewery, with debt service funded by cannabis sales revenues through 2042.

Status
AWARDED
Document date
August 10, 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
Bonds are callable and subject to prior payment as described in the sale report; no renewal, but final maturity in 2042.
Document type
Agenda
Source document
Osseo City Council Agenda 2026-08-10

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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 August 10, 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 agenda record.

Where was this contract approved?

This contract appears in Osseo City Council Agenda 2026-08-10 (Agenda), dated August 10, 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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