City of Troy Capital Resource Corporation Bond Resolution March 2026
Troy CRC Selects Goldman Sachs for $66M RPI Bond Underwriting
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Description
The City of Troy Capital Resource Corporation approved Goldman Sachs & Co. LLC as underwriter for the sale and delivery of up to $66 million in tax-exempt revenue bonds to benefit Rensselaer Polytechnic Institute. The bonds are expected to close around April 1, 2026, contingent on necessary approvals.
Contract Details
Contract Amount
Not to exceed $66,000,000 (bond purchase)
Vendor
GOLDMAN SACHS & CO LLC
Agency
City of Troy, NY
Contract Type
FINANCIAL_SERVICES
Document Date
March 20, 2026
Contract Term
On or around April 1, 2026 (closing date); typical bond maturities apply
Renewal Date
2046-04-01
Renewal Info
No renewal; typical for single bond issuance. Amendments allowed by authorized officers as needed before closing.
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