Willmar City Council Meeting Agenda April 20, 2026
City Awards $8.3M GO Bond Sale to Baird
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Description
Willmar awarded the sale of $8,305,000 in General Obligation Tax Abatement Bonds, Series 2026A to Robert W. Baird & Co., Inc. for a purchase price of $8,667,820.58, financing an open access fiber-optic broadband project through 2047. The council formally approved the bond sale and related terms on April 6, 2026.
Contract Details
Contract Amount
$8,667,820.58 (par $8,305,000 plus net premium $465,812.15 less underwriter’s discount $102,991.57)
Vendor
ROBERT W. BAIRD & COMPANY INC
Agency
Town of Willmar, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
Bonds dated April 23, 2026, maturing annually February 1, 2028–2047
Renewal Date
2047-02-01
Renewal Info
Standard municipal bond issuance; no renewals, but bonds amortize with maturities from 2028 to 2047 and are callable at par beginning February 1, 2036.
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Willmar City Council Meeting Agenda April 20, 2026
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