Town of Algoma Resolution 2026-1 General Obligation Promissory Notes
Algoma Approves $2.3M Bond Sale to Baird for Projects
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Description
The Town of Algoma approved the sale of up to $2.3 million in general obligation promissory notes to Robert W. Baird & Co. Incorporated to finance capital improvements and refinance prior debt, with maturities extending through 2044. The resolution establishes parameters for the sale, including limits on compensation and interest costs.
Contract Details
Contract Amount
Not to exceed $2,300,000
Vendor
ROBERT W. BAIRD & COMPANY INCORPORATED
Agency
Town of Algoma, WI
Contract Type
FINANCIAL_SERVICES
Document Date
January 21, 2026
Contract Term
Maturities and redemption dates from April 1, 2027 to April 1, 2044
Renewal Date
2044-04-01
Renewal Info
Not a renewable contract; one-time bond issuance with fixed maturity dates. Compensation terms and conditions are stipulated in the resolution.
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