Independent School District No. 129 Resolution Awarding Bond Sale
Wells Fargo to Disburse Bond Issuance Expenses
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Description
Independent School District No. 129 authorized Wells Fargo Bank, National Association to receive and disburse Series 2026A bond proceeds allocated to issuance expenses at closing under the direction of the municipal advisor. This arrangement supports payment of costs related to the $20,000,000 bond issue.
Contract Details
Vendor
WELLS FARGO BANK NATIONAL ASSOCIATION
Agency
Montevideo Public School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
One-time handling of bond proceeds at closing for issuance expenses
Renewal Date
2026-06-04
Renewal Info
Limited to processing and distributing issuance expense proceeds at the Series 2026A closing; no ongoing renewal terms stated.
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