City weighs bond refinancing engagement with Bernardi Securities

Effingham City Council discussed an engagement letter from Bernardi Securities to refinance approximately $5.835 million in bonds for public buildings, originally issued for facilities like the police station and Fire Station #2. The proposed refinancing targets the bonds' optional redemption date of December 1, 2026 at potentially lower interest rates.

Document date · August 18, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal date

2036-12-01

Renewal

Engagement would cover a refinancing transaction for bonds maturing December 1, 2036; renewal or additional engagements would depend on future debt strategies.

Document type

Minutes

Source document

City of Effingham Minutes 2026-08-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Effingham city?

Bernardi Securities was awarded this financial services contract by City of Effingham city, as recorded on August 18, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Effingham Minutes 2026-08-18 (Minutes), dated August 18, 2026 from City of Effingham city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bernardi Securities hold?

Bernardi Securities may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bernardi Securities's profile

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