The City of Bloomington (the “City”) is seeking proposals to select a single financial institution (the “Bank”) to serve as the lender for the City of Bloomington’s (the “Issuer” or “the City”) $1,100,000* Taxable General Obligation Housing Improvement Area Bonds, Series 2025A (the “Bonds”). The proceeds of the Bonds will be used to pay a portion of the costs related to the replacement of the parking structure and balconies (the “Housing Improvements”) of a 30-unit condominium housing building referred to as The Heights Condominiums (the “Housing Project”) located in the City. The project is estimated to cost $2,483,000 with additional sources of funding being provided by available City and Housing and Redevelopment Authority funds.
