City of Jordan Minutes Regular City Council Meeting 2026-05-26
Council Accepts $7.8M Bond Bid from Northland
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Description
Jordan accepted a $7.8 million bond issuance from Northland Securities, which submitted the winning bid with a true interest cost of 3.8038 percent. The council's approval of Resolution 05-42-2026 finalizes Northland as the underwriter for this debt issue.
Contract Details
Contract Amount
$7.8 million (bond issuance)
Vendor
NORTHLAND SECURITIES
Agency
Town of Jordan, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
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