Northville Public Schools Resolution 2026 School Building and Site Bonds Series II 2026-06-09
Bond Underwriting Agreement Approved with Stifel, Nicolaus & Company
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Description
Northville Public Schools ratified the bond purchase agreement with Stifel, Nicolaus & Company, Incorporated for the sale of $67.3 million in School Building and Site Bonds Series II. The bonds will mature between 2027 and 2048, with terms set in the Bond Purchase Agreement dated June 3, 2026.
Contract Details
Contract Amount
$67,299,995.40 (includes $5,634,166.40 original issue premium, less $204,171.00 underwriter's discount)
Vendor
STIFEL NICOLAUS & COMPANY INCORPORATED
Agency
Northville Public Schools, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Bonds dated June 25, 2026, mature May 1, 2027 to May 1, 2048
Renewal Date
2048-05-01
Renewal Info
Bonds mature annually May 1, 2027-2048; redemption options after May 1, 2036 as per agreement.
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