Boyne City Public Schools Resolution 2026 School Building and Site Bonds, Series II 2026-06-08
Bond Underwriting Ratified with J.P. Morgan Securities LLC
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Description
Boyne City Public Schools ratified the acceptance of an offer from J.P. Morgan Securities LLC to underwrite and purchase $8.93M in 2026 School Building and Site Bonds, Series II, totaling $9.53M with premiums and discounts. The bonds mature annually from 2027 to 2045.
Contract Details
Contract Amount
$9,528,436.18 (purchase price); $8,930,000 (principal)
Vendor
J.P. MORGAN SECURITIES LLC
Agency
Boyne City Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Bonds dated June 18, 2026; maturity May 1, 2027–2045
Renewal Date
2045-05-01
Renewal Info
Bonds mature annually; no automatic renewal, repaid per schedule. Redemption possible from May 1, 2036 onward for later maturities.
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