City to subordinate loan with WBL Hoffman Place
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Description
Council will consider subordinating the City's loan and development agreements with WBL Hoffman Place, LLC. The action would adjust lien priority to facilitate the developer's financing structure.
Contract Details
Vendor
WBL HOFFMAN PLACE LLC
Agency
City of White Bear Lake, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Subordination modifies existing loan and development agreements; original terms remain unless otherwise amended.
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