Police Station Bond Sale Awarded to Baird
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Description
Salem Town Council approved the sale of $11.21 million in general obligation bonds related to police station construction, awarding the financing to Robert W. Baird & Co., Inc. The bond issue carries a true interest cost of 3.61% and includes an $828,286 premium, with bonds dated April 28, 2026.
Contract Details
Contract Amount
$11,210,000 (bond principal) with $828,286 premium; true interest cost 3.61%
Vendor
ROBERT W. BAIRD & CO INC
Agency
Town of Salem, NH
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Contract Term
Bonds dated April 28, 2026; amortization per Schedule A (multi-year)
Renewal Info
Third and final bond issuance for the police station construction project as previously authorized on March 12, 2024.
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Town of Salem Town Council Meeting Agenda Packet April 20, 2026
Town of Salem Town Council Meeting Agenda Packet April 20, 2026
Town of Salem Town Council Meeting Agenda Packet April 20, 2026
Town of Salem Town Council Meeting Agenda Packet April 20, 2026
Town of Salem Town Council Meeting Agenda Packet April 20, 2026
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