Effingham to Use Bernardi as Placement Agent for Bonds
City of Effingham cityCity · Effingham, IL- Disclosed value
- Not to exceed 1.00% of the par amount of the Bonds to be issued
- From agreement
- Document date
- Jul 31, 2026
The 30-second brief
The City of Effingham intends to retain Bernardi Securities, Inc. as placement agent for a private placement of its General Obligation Refunding Bonds (ARS), Series 2026/2027, with a fee capped at 1.00% of par. The placement agent will use commercially reasonable efforts to place the bonds with accredited investors and support documentation and disclosure efforts.
Bernardi Securities Inc holds this financial services contract with City of Effingham city. Its other public contracts on record include work for City of Kewanee.
Term as filed: From execution of this Engagement Letter to the closing date for the Bonds; terminable by either party on 30 days’ written notice.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed 1.00% of the par amount of the Bonds to be issued
- Document date
- July 31, 2026
- Term
- From execution of this Engagement Letter to the closing date for the Bonds; terminable by either party on 30 days’ written notice
- Vendor
- Bernardi Securities Inc
- Agency
- City of Effingham city
- Source document
- City of Effingham Agreement Engagement Letter for General Obligation Refunding Bonds 2026-07-31 (Agreement)
Bernardi Securities Inc's other public contracts
More City of Effingham city contracts
Questions about this contract
Who was awarded the financial services contract by City of Effingham city?
Bernardi Securities Inc was awarded this financial services contract by City of Effingham city, as recorded on July 31, 2026. The contract value is Not to exceed 1.00% of the par amount of the Bonds to be issued.
How much is the Bernardi Securities Inc contract with City of Effingham city worth?
The Bernardi Securities Inc contract with City of Effingham city is valued at Not to exceed 1.00% of the par amount of the Bonds to be issued, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City of Effingham Agreement Engagement Letter for General Obligation Refunding Bonds 2026-07-31 (Agreement), dated July 31, 2026 from City of Effingham city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bernardi Securities Inc hold?
Bernardi Securities Inc 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 City of Effingham city currently buying?
Explore City of Effingham city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.