City of Derby Council Meeting Agenda May 2026
Robert W. Baird Buys Derby’s $20.95M GO Bonds
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Description
Derby awarded the purchase of its $20,950,000 General Obligation Bonds, Series 2026-A, to Robert W. Baird at a true interest cost of about 4.12%. The bond proceeds will fund water treatment facility upgrades and Woodlawn reconstruction.
Contract Details
Contract Amount
$20,950,000 principal amount of General Obligation Bonds Series 2026-A
Vendor
ROBERT W. BAIRD
Agency
City of Derby, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Bond sale is a one-time financing transaction; no renewal provisions apply.
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