City of Davenport Council Meeting Minutes April 8 2026
Davenport Awards $27.39M GO Bond Issue
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Description
The City of Davenport awarded Huntington Securities, Inc a $27.39 million General Obligation Corporate Bonds, Series 2026 issuance following a competitive sale. The bonds will finance a range of capital projects including infrastructure, facilities, vehicles, and IT improvements with maturities through 2041.
Contract Details
Contract Amount
$27,390,000
Vendor
HUNTINGTON SECURITIES INC
Agency
City of Davenport, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 8, 2026
Contract Term
Bonds dated May 12, 2026; maturities from June 1, 2027 through June 1, 2041
Renewal Date
2041-06-01
Renewal Info
One-time bond issuance with scheduled maturities and optional call beginning June 1, 2034 for bonds maturing 2035–2041.
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