Council Approves Tax-Exempt Bond Issuance for 360 Communities
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Description
Lilydale City Council approved moving forward to issue a tax-exempt conduit bond for 360 Communities to support the construction of a new facility. The project is valued at $14 million, and the city will receive a 0.25% administrative fee on the final bond amount.
Contract Details
Contract Amount
Estimated $14 million total project cost (bond amount to be determined)
Vendor
360 COMMUNITIES
Agency
City of Lilydale, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Renewal Info
Bond issuance is a one-time action; repayment is the responsibility of 360 Communities, not the city.
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