FINANCIAL_SERVICESPENDING

City of Clyde Regular City Council Meeting Agenda May 2026

Stifel Nicolaus Signs Long-Term Advisory Deal With Clyde

Fees for Development Debt: 2.00% of par amount of debt obligations, with a minimum fee of $40,000; transaction fee schedule and unrelated services fees to be agreed in writingCity of ClydeSTIFEL NICOLAUS & COMPANY INCORPORATEDMay 12, 2026

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Description

Stifel, Nicolaus & Company, Incorporated has signed a Municipal Advisory Services Agreement to advise the City of Clyde on financings and related transactions. The agreement extends to September 30, 2029, with fees tied to transaction schedules and a 2% minimum $40,000 fee for development-related debt.

Contract Details

Contract Amount

Fees for Development Debt: 2.00% of par amount of debt obligations, with a minimum fee of $40,000; transaction fee schedule and unrelated services fees to be agreed in writing

Vendor

STIFEL NICOLAUS & COMPANY INCORPORATED

Agency

City of Clyde, TX

Contract Type

FINANCIAL_SERVICES

Document Date

May 12, 2026

Contract Term

Effective from date of agreement to 9/30/2029, unless terminated with 30 days written notice

Renewal Date

2029-09-30

Renewal Info

Agreement is effective through 2029-09-30 and may be terminated by either party with 30 days written notice; future renewals or fee adjustments would require additional written agreement.

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