City of Merrill Common Council Meeting Minutes May 12 2026
Assured Guaranty insures Merrill 2026A bond issue
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Description
Assured Guaranty Inc. is providing bond insurance on the City of Merrill’s $5,470,000 General Obligation Promissory Notes, Series 2026A, enhancing the issue to an insured AA rating. The insurance covers note payments through the 2041 final maturity, with the premium paid by the underwriter.
Contract Details
Contract Amount
$32,697.50 (bond insurance premium paid by underwriter)
Vendor
ASSURED GUARANTY INC
Agency
City of Merrill, WI
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
Covers $5,470,000 General Obligation Promissory Notes, Series 2026A for their life (to November 1, 2041)
Renewal Date
2041-11-01
Renewal Info
Insurance applies for the life of the insured Series 2026A notes; no renewals contemplated beyond note maturity.
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