FINANCIAL_SERVICESPENDING

EDA Seeks $2.3 Million Forgivable Kingdom Loan

The South St. Paul Economic Development Authority is seeking approval of a loan agreement with Kingdom Consulting, L.L.C. for up to $2.3 million in redevelopment costs. The partially forgivable financing will fund improvements to the former library and support conversion to an indoor family play facility.

Document date · October 5, 2026

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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
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $2,300,000; anticipated Phase I financing of $2,185,395 and anticipated Stage II principal of $114,605
Contract type
FINANCIAL_SERVICES
Contract term
Five-year interest-only period after Phase I completion, followed by staged forgiveness over up to five additional years
Renewal
The loan includes a five-year interest-only stage at 4.00%, followed by staged principal forgiveness over five additional anniversary years if no default occurs. The loan is also subject to repayment and transfer restrictions in the development agreement.
Document type
AgendaPacket
Source document
South St. Paul Economic Development Authority Agenda Packet 2026-10-05

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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 South St. Paul?

Kingdom Consulting Llc was awarded this financial services contract by City of South St. Paul, as recorded on October 5, 2026. The contract value is Not to exceed $2,300,000; anticipated Phase I financing of $2,185,395 and anticipated Stage II principal of $114,605.

How much is the Kingdom Consulting Llc contract with City of South St. Paul worth?

The Kingdom Consulting Llc contract with City of South St. Paul is valued at Not to exceed $2,300,000; anticipated Phase I financing of $2,185,395 and anticipated Stage II principal of $114,605, 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 South St. Paul Economic Development Authority Agenda Packet 2026-10-05 (AgendaPacket), dated October 5, 2026 from City of South St. Paul. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kingdom Consulting Llc hold?

Kingdom Consulting Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kingdom Consulting Llc's profile

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