Iowa Finance Authority Board Meeting Agenda February 2026
Baileys Awarded $400K Bond for Farmland Purchase
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Description
Community Savings Bank and IFA provided a $400,000 bond to Rylee and Sage Bailey for a 173-acre real estate purchase in Guthrie County. The contract was approved at the February 2026 Board meeting.
Contract Details
Contract Amount
$400,000
Vendor
COMMUNITY SAVINGS BANK
Agency
Iowa Arts Council, IA
Contract Type
FINANCIAL_SERVICES
Document Date
February 4, 2026
Contract Term
Approved February 4, 2026; public hearing January 28, 2026; 10-year balloon, 20-year amortization (typical)
Renewal Date
2036-02-04
Renewal Info
Bond will be repaid per amortization schedule; renewal not applicable.
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