Fort Madison City Council Agenda Packet 2026-06-24
Assured Guaranty insures city’s 2026 GO notes
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Description
Fort Madison obtained a Municipal Bond Insurance Policy from Assured Guaranty Inc. to guarantee scheduled principal and interest payments on its $10,635,000 General Obligation Capital Loan Notes, Series 2026. The policy provides credit enhancement for investors and grants Assured Guaranty subrogation rights upon any claim payments.
Contract Details
Vendor
ASSURED GUARANTY INC.
Agency
City of Fort Madison, IA
Contract Type
INSURANCE
Document Date
June 24, 2026
Contract Term
Municipal Bond Insurance Policy effective for the life of the $10,635,000 General Obligation Capital Loan Notes, Series 2026
Renewal Info
Bond insurance remains in force for the life of the insured Series 2026 Notes; no renewal or extension terms are described.
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