City of Derby Agenda Packet 2026-05-27
Temporary Notes 2026-1 Sold to Brownstone
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Description
Derby awarded a $3,685,000 Temporary Notes Series 2026-1 financing to Brownstone Investment Group at a 3.31% true interest cost. The short-term notes will fund paving, sewer, drainage, and water improvements in Spring Ridge and Sterling East developments.
Contract Details
Contract Amount
$3,685,000
Vendor
BROWNSTONE INVESTMENT GROUP
Agency
City of Derby, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 23, 2026
Renewal Info
Short-term temporary note financing; notes are expected to be refinanced or retired in a future bond issuance per standard city practice.
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