Village of Rochester Village Board Agenda April 13 2026
Build America Mutual Insures Village 2026A Bond Issue
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Description
The Village of Rochester’s $2.6 million General Obligation Promissory Notes, Series 2026A, will carry bond insurance from Build America Mutual, enhancing the credit quality of the issue. The insurance covers debt service payments over the full life of the bonds through 2046.
Contract Details
Contract Amount
$18,400 bond insurance premium (within overall $53,250 issuance costs)
Vendor
BUILD AMERICA MUTUAL
Agency
Rochester village, WI
Contract Type
INSURANCE
Document Date
April 13, 2026
Contract Term
Covers life of $2,600,000 General Obligation Promissory Notes, Series 2026A, dated May 7, 2026, maturing April 1, 2046
Renewal Date
2046-04-01
Renewal Info
Bond insurance is a one-time purchase that remains in effect for the life of the insured notes and does not renew annually.
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