City of Merrill Common Council Meeting Minutes May 12 2026
BAIRD Wins Underwriting for Merrill 2026A Bonds
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Description
The City of Merrill awarded Robert W. Baird & Co the underwriting contract for its $5,470,000 General Obligation Promissory Notes, Series 2026A, at an adjusted purchase price of $5,719,931.09 and a true interest cost of about 3.77%. BAIRD’s premium bid enabled the City to downsize the issue from the originally noticed $5,805,000.
Contract Details
Contract Amount
$5,719,931.09 (purchase price for $5,470,000 par; includes $362,269.85 premium, less underwriting discount and insurer-paid premium)
Vendor
ROBERT W. BAIRD & CO
Agency
City of Merrill, WI
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Dated May 27, 2026; underwriting relationship limited to 2026A issuance and closing
Renewal Info
Single-transaction underwriting engagement for the 2026A issue; any future bond sales would require separate competitive bids or negotiated engagement.
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