CMU Allows Direct Placement Sale of Revenue Bonds
Central Michigan UniversityHigher Ed · Mount Pleasant, MI- Disclosed value
- Not to exceed proceeds of $15,500,000 plus refunding and issuance costs
- From meeting minutes
- Document date
- Apr 11, 2019
- Renews
- Free account
The 30-second brief
The Board authorized officers to negotiate a direct placement sale of General Revenue Bonds with a lender, referred to as the Purchaser, as an alternative to public underwriting. These bonds will finance up to $15.5 million in projects and possible refunding, with maturities extending no later than 2050.
PURCHASER holds this financial services contract with Central Michigan University. Its other public contracts on record include work for Washoe County School District and NYC Housing Development Corporation (HDC).
The renewal date is on record. A free account shows it, with the renewals for every Central Michigan University contract.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed proceeds of $15,500,000 plus refunding and issuance costs
- Document date
- April 11, 2019
- Term
- Bond maturities no earlier than October 1, 2019 and no later than December 31, 2050
- Renews
- Free account
- Vendor
- PURCHASER
- Source document
- central-michigan-university-meeting-minutes-2019-04-11_d2e.pdf (Meeting Minutes)
PURCHASER's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Central Michigan University?
PURCHASER was awarded this financial services contract by Central Michigan University, as recorded on April 11, 2019. The contract value is Not to exceed proceeds of $15,500,000 plus refunding and issuance costs.
How much is the PURCHASER contract with Central Michigan University worth?
The PURCHASER contract with Central Michigan University is valued at Not to exceed proceeds of $15,500,000 plus refunding and issuance costs, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in central-michigan-university-meeting-minutes-2019-04-11_d2e.pdf (Meeting Minutes), dated April 11, 2019 from Central Michigan University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does PURCHASER hold?
PURCHASER may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Central Michigan University currently buying?
Explore Central Michigan University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.