Cook Hospital & Care Center Regular Board Meeting Minutes 2026-04-28
Hospital Approves $2M Boiler Financing With Park State Bank
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Description
Cook Hospital & Care Center approved borrowing up to $2,005,800 from Park State Bank to finance boiler and related equipment purchases along with associated financing costs. The gross revenue note will be repaid from hospital operating revenues without any taxpayer-backed general obligation pledge.
Contract Details
Contract Amount
Up to $2,005,800.00
Vendor
PARK STATE BANK
Agency
Cook Hospital, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Renewal Info
One-time gross revenue note; no renewal terms described in the minutes.
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