FINANCIAL_SERVICESAPPROVED

City of Lakefield Awards Financial Services Contract to Da Davidson (August 2026)

Lakefield City Council approved Resolution 26-25 awarding the sale of $4,500,000 in 2026A General Obligation Bonds to DA Davidson at a true interest cost of 4.44%. The underwriting agreement finances the 2026 Street/Utility Reconstruction Project with total project funding of about $5.73 million.

Status
APPROVED
Document date
August 17, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Da Davidson
Agency
City of Lakefield · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$4,500,000 (bond purchase agreement par amount)
Contract type
FINANCIAL_SERVICES
Contract term
Bond sale executed July 22, 2026; debt service projected over approximately 20 years
Renewal
This is a one-time bond underwriting and purchase agreement; ongoing obligations are bond debt service rather than a renewable service contract.
Document type
Agenda
Source document
City of Lakefield City Council Agenda 2026-08-17

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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 Lakefield?

Da Davidson was awarded this financial services contract by City of Lakefield, as recorded on August 17, 2026. The contract value is $4,500,000 (bond purchase agreement par amount).

How much is the Da Davidson contract with City of Lakefield worth?

The Da Davidson contract with City of Lakefield is valued at $4,500,000 (bond purchase agreement par amount), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lakefield City Council Agenda 2026-08-17 (Agenda), dated August 17, 2026 from City of Lakefield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Da Davidson hold?

Da Davidson 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 Da Davidson's profile

What is City of Lakefield currently buying?

Explore City of Lakefield's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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