Le Mars City Council Agenda Packet 2026-06-02
D.A. Davidson & Co. Chosen as Sewer Bond Underwriter
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Description
The City of Le Mars approved a Bond Purchase Agreement with D.A. Davidson & Co. for underwriting up to $45.7 million tax-exempt sewer revenue bonds to finance the Wastewater Expansion Phase II project, closing by June 29, 2026.
Contract Details
Contract Amount
Not to exceed $45,700,000
Vendor
D.A. DAVIDSON & CO.
Agency
City of Le Mars, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
Closing on or before June 29, 2026
Renewal Date
2026-06-29
Renewal Info
Bond issuance is for a single series, no renewal unless future issues required.
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