Morton County Commission AgendaPacket 2026-05-14
UMary Seeks County as Bank-Qualified Bond Issuer
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Description
The University of Mary has requested Morton County serve as a bank-qualified issuer for up to $10 million of a $60 million tax-exempt bond issue financing multiple campus projects. UMary would pay the County an issuer fee of up to $10,000 and bear all document preparation costs.
Contract Details
Contract Amount
Up to $60,000,000 tax-exempt financing (multi-issuer)
Vendor
UNIVERSITY OF MARY
Agency
Morton County, ND
Contract Type
FINANCIAL_SERVICES
Document Date
May 14, 2026
Renewal Info
One-time bond issuance with no County guarantee or ongoing funding obligation beyond the issuer role; Morton County can designate up to $10 million as bank-qualified in 2026.
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