Hainlin Park pavilion financing
City of WinstedMinnesota- Detected
- Jul 21, 2026
- 104 days ago
- Sector
- Parks & Recreation
- Est. value
- Free account
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THE 30-SECOND BRIEF
To fund the Hainlin Park pavilion and equipment, Winsted approved a 20-year property tax abatement levy of $1,045,000 and issued a $1,685,000 General Obligation Tax Abatement Note and Equipment Certificate, Series 2026A with Security Bank & Trust at 4.15%. This secures long-term funding for the pavilion and park equipment, beyond the specific playground purchase. With financing locked in, the City can proceed to scope pavilion interiors, site work, and other park amenities over the next several years.
Tax abatement levy total is $1,045,000 over 20 years; funding supports pavilion construction and park equipment acquisition.
From the meeting
- Meeting date
- July 21, 2026
- Agency
- City of Winsted
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