Metropolitan Council Awards Financial Services Contract to U.S. Bank Trust Company National Association (November 2026)
Metropolitan CouncilMPO · St. Paul, MN- Disclosed value
- Approximately $27,736,470, subject to locking in an escrow interest rate at closing
- From resolution
- Approved
- Nov 6, 2026
- Renews
- Free account
The 30-second brief
The Metropolitan Council approved an escrow agreement with U.S. Bank Trust Company, National Association to defease its outstanding $29.25 million Series 2019B General Obligation Transit Bonds. The Council will fund the escrow with approximately $27.74 million on November 24, 2026, ahead of the bonds' planned redemption on March 1, 2028.
U.S. Bank Trust Company National Association holds this financial services contract with Metropolitan Council. Its other public contracts on record include work for Lewistown Elementary School District and City of Austin city.
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Contract details
- Contract type
- Financial Services
- Amount
- Approximately $27,736,470, subject to locking in an escrow interest rate at closing
- Document date
- November 6, 2026
- Term
- Escrow funded November 24, 2026, through redemption of the Series 2019B bonds on March 1, 2028
- Renews
- On record
- Agency
- Metropolitan Council
- Source document
- Metropolitan Council Resolution Resolution 2026-20 Defeasance of General Obligation Transit Bonds 2026-11-18 (Resolution)
U.S. Bank Trust Company National Association's other public contracts
More Metropolitan Council contracts
Questions about this contract
Who was awarded the financial services contract by Metropolitan Council?
U.S. Bank Trust Company National Association was awarded this financial services contract by Metropolitan Council, as recorded on November 6, 2026. The contract value is Approximately $27,736,470, subject to locking in an escrow interest rate at closing.
How much is the U.S. Bank Trust Company National Association contract with Metropolitan Council worth?
The U.S. Bank Trust Company National Association contract with Metropolitan Council is valued at Approximately $27,736,470, subject to locking in an escrow interest rate at closing, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Metropolitan Council Resolution Resolution 2026-20 Defeasance of General Obligation Transit Bonds 2026-11-18 (Resolution), dated November 6, 2026 from Metropolitan Council. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does U.S. Bank Trust Company National Association hold?
U.S. Bank Trust Company National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Metropolitan Council currently buying?
Explore Metropolitan Council's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.