City of Wabasha Port Authority Special Meeting Agenda Packet 2026-05-06
Wabasha plans bond advisory contract for barge project
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Description
The City of Wabasha plans to engage David Drown Associates, Inc. for financial advisory and bond issuance services on a $2,060,000 GO Port Authority bond for the barge project, with issuance costs capped at $54,150. The bonds, dated August 1, 2026, would finance construction and related costs with debt service extending to 2047.
Contract Details
Contract Amount
$54,150
Vendor
DAVID DROWN ASSOCIATES INC
Agency
City of Wabasha, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
Bond issue dated 08/01/2026 with debt service through 02/01/2047
Renewal Date
2047-02-01
Renewal Info
New GO Port Authority Bonds 2026A financing; no renewals indicated. Debt service schedule runs from 2028 to 2047.
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