City of Clyde Regular City Council Meeting Agenda May 2026
Clyde Weighs Municipal Advisory Agreement With Stifel
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Description
The City of Clyde is considering approval of a Municipal Advisory Services Agreement with Stifel to serve as its municipal and financial advisor. The agreement runs through September 30, 2029, with fees based on transaction schedules and a 2% charge on development debt subject to a $40,000 minimum.
Contract Details
Contract Amount
Fees for Development Debt: 2.00% of par amount of debt obligations, with a minimum fee of $40,000; transaction fee schedule and unrelated services fees to be agreed in writing
Vendor
STIFEL
Agency
City of Clyde, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
Effective from date of agreement to 9/30/2029, unless terminated with 30 days written notice
Renewal Date
2029-09-30
Renewal Info
Initial term runs through 2029-09-30 with the option for either party to terminate upon 30 days written notice; any future renewals or amendments would need to be agreed separately in writing.
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