White Bear Township Minutes Town Board Meeting 2026-06-01
Piper Sandler awarded $4.64M township bond issue
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Description
White Bear Township awarded its $4,640,000 General Obligation Improvement and Utility Revenue Bonds, Series 2026A to Piper Sandler & Co. The ten-year bond issue carries a true interest cost of 3.1675% and will finance street and utility improvements.
Contract Details
Contract Amount
$4,640,000
Vendor
PIPER SANDLER & CO
Agency
Town of White Bear, MN
Contract Type
FINANCIAL_SERVICES
Document Date
June 1, 2026
Contract Term
10 years
Renewal Date
2036-06-01
Renewal Info
Bonds have optional redemption on February 1, 2035 within the 10-year term.
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