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FINANCIAL_SERVICESPENDING

North Springs Improvement District AgendaPacket Meeting of the Board of Supervisors 2026-06-03

District Plans Supplement with MBS for 2026 Bonds

Underwriting fee not to exceed 2.0% of par amount of Bonds but no less than $50,000North Springs Improvement DistrictMBS CAPITAL MARKETS LLCMay 30, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

North Springs Improvement District is considering a supplement to its 2013 Investment Banking Agreement with MBS Capital Markets, LLC for investment banking services on the proposed Water and Sewer Revenue Bonds, Series 2026 to finance the 2026 Project. Underwriting compensation will remain contingent on a successful closing and capped at 2% of par, with a minimum fee of $50,000.

Contract Details

Contract Amount

Underwriting fee not to exceed 2.0% of par amount of Bonds but no less than $50,000

Vendor

MBS CAPITAL MARKETS LLC

Agency

North Springs Improvement District, FL

Contract Type

FINANCIAL_SERVICES

Document Date

May 30, 2026

Contract Term

Supplement effective June 3, 2026 until completion of Water and Sewer Revenue Bonds, Series 2026 financing or earlier termination under Section 3 of 2013 Agreement

Renewal Info

This is a transaction-specific supplement to the 2013 Investment Banking Agreement, remaining in effect until the 2026 financing is completed or the base agreement is terminated with 90 days written notice by either party.

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