West Villages Improvement District Board Meeting Agenda May 2026
FMS Selected as Underwriter for Unit 12 Bonds
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Description
The Board approved an agreement with FMS to serve as underwriter for the Unit 12 (Westlake) bond issuance, with compensation set at 1.5% of the par amount of any bonds sold. FMS has previously underwritten several of the District’s bond issues.
Contract Details
Contract Amount
Underwriting fee of 1.5% of par amount of any bonds issued
Vendor
FMS
Agency
West Villages Improvement District, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 9, 2026
Contract Term
Per bond issuance for Unit of Development 12 (Assessment Area Two) Series 2026 and similar financings
Renewal Info
Underwriter engagement applies per bond issuance, with fees calculated as 1.5% of par on each series issued under the agreement.
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PENDINGIssuing Agency
West Villages Improvement District
Utility District
Palm Beach Gardens, FL
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