Des Moines County Board of Supervisors Agenda Packet 2026-06-16
County Approves $3.09M Taxable Note for Insurance
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Description
Des Moines County approved a $3,088,000 taxable General Obligation County Purpose Note, Series 2026B, with Danville State Savings Bank. The one-year note at 6.50% interest will finance insurance for county operations in FY 2026-2027.
Contract Details
Contract Amount
$3,088,000
Vendor
DANVILLE STATE SAVINGS BANK
Agency
Des Moines County, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 16, 2026
Contract Term
Note dated June 30, 2026 with final maturity June 30, 2027 at 6.50% interest
Renewal Date
2027-06-30
Renewal Info
Single-term taxable general obligation note with final maturity June 30, 2027; county retains prepayment rights, with no renewal provisions stated.
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