PROJECTCONTRACT AWARD

Public works facility bond sale

City of South St. Paul
Detected
Nov 2, 2026
5 days ago
Sector
Public Works
Est. value
Free account
Detected 5 days agoNov 2

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From the meeting

At the November 2, 2026 public hearing, the EDA considered Resolution 2026-25 for $20,190,000 in Lease Revenue Bonds, Series 2026B, to finance construction of a public works central maintenance facility. The pre-sale report said the City would make lease payments from a future debt service property tax levy beginning in 2028 through 2057, with $2,250,000 in state bonding funds and $5,500,000 in cash reserves contributing to the project. Ehlers was the municipal advisor, and Dorsey & Whitney LLP, Bond Trust Services Corporation, and Moody's Ratings were listed in the financing package.

The resolution set the bond sale consideration for December 7, 2026.

Meeting date
November 2, 2026
Agency
City of South St. Paul

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