FINANCIAL_SERVICESONGOING

EDA engages Northland Securities to underwrite bonds

The Monticello Economic Development Authority has engaged Northland Securities Inc to underwrite approximately $33,950,000 in Lease Revenue Bonds, Series 2026A to finance construction of a new public works facility. The bonds will be sold via negotiated sale with level debt service over 20 years and an estimated true interest cost of 4.62%. Northland will also act as dissemination agent for continuing disclosure related to the issue.

Status
ONGOING
Document date
August 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Northland Securities Inc
Agency
City of Monticello · MN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Bonds maturing annually December 15, 2027–2046; interest payments semiannually beginning June 15, 2027
Renewal date
2046-12-15
Renewal
Lease Revenue Bonds Series 2026A will be priced on September 9, 2026 with closing scheduled for October 7, 2026. Bonds maturing on and after December 15, 2035 are subject to optional redemption beginning December 15, 2034 at par plus accrued interest, enabling potential future refunding.
Document type
AgendaPacket
Source document
Monticello Economic Development Authority Agenda Packet 2026-08-12

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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 Monticello?

Northland Securities Inc was awarded this financial services contract by City of Monticello, as recorded on August 12, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Monticello Economic Development Authority Agenda Packet 2026-08-12 (AgendaPacket), dated August 12, 2026 from City of Monticello. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northland Securities Inc hold?

Northland 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.

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