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FINANCIAL_SERVICESAWARDED

Town of Salem Town Council Meeting Agenda Packet April 20, 2026

Police Station Bond Sale Awarded to Baird

$11,210,000 (bond principal) with $828,286 premium; true interest cost 3.61%Town of SalemROBERT W. BAIRD & CO INCApril 20, 2026

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WithersRavenel logo
Derivita logo
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TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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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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