Independent School District No. 129 Resolution Awarding Bond Sale
Bond Sale Awarded to Robert W. Baird & Co.
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Description
Independent School District No. 129 awarded the sale of its $20,000,000 General Obligation School Building Bonds, Series 2026A, to Robert W. Baird & Co., Inc. for a purchase price of $20,510,683.84, with maturities from 2028 to 2047 to finance major school facility improvements.
Contract Details
Contract Amount
$20,510,683.84 (par $20,000,000 plus original issue premium of $861,887.80, less original issue discount of $51,797.70, less underwriter’s discount of $299,406.26), plus accrued interest, if any
Vendor
ROBERT W. BAIRD & COMPANY INC
Agency
Montevideo Public School District, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Bonds originally dated June 4, 2026, maturing serially February 1, 2028 through February 1, 2047
Renewal Date
2047-02-01
Renewal Info
One-time bond underwriting engagement for Series 2026A; no renewals contemplated.
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