County novates USDA fire protection bond to new district

Jasper County will novate its existing $1.308 million Cherry Point fire protection general obligation bond held by USDA Rural Development to a new Series 2026 bond for the Jasper County Rural Fire Protection District. The new bond preserves the original interest rate and 2053 maturity while shifting the taxing area to the consolidated fire district.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Original bond maturing April 13, 2053

Renewal date

2053-04-13

Renewal

Novation replaces the Series 2023 bond with a Series 2026 bond on identical financial terms but with a new taxing district; debt remains outstanding through April 13, 2053 unless prepaid.

Document type

Agenda

Source document

Jasper County Council Meeting Agenda May 4, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Jasper County?

United States Department of Agriculture Rural Development was awarded this financial services contract by Jasper County, as recorded on May 2, 2026.

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 Jasper County Council Meeting Agenda May 4, 2026 (Agenda), dated May 2, 2026 from Jasper County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States Department of Agriculture Rural Development hold?

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