City of Spencer Agenda Packet 2026-06-01
Over $1.2M in bond debt service paid via UMB Bank
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Description
The City of Spencer authorized $1,265,145.00 in principal and interest payments to UMB Bank on multiple bond issues. UMB serves as paying agent and trustee for the city's general obligation and revenue bonds.
Contract Details
Contract Amount
$1,265,145.00
Vendor
UMB BANK
Agency
Spencer Municipal Hospital, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Renewal Info
Ongoing debt service under existing bond indentures with UMB Bank acting as trustee/paying agent.
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