District Plans Supplement with MBS for 2026 Bonds
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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.
More from MBS CAPITAL MARKETS LLC
Issuing Agency
Special District
Coral Springs, FL
More from North Springs Improvement District
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North Springs Improvement District Board of Supervisors Meeting Agenda Packet May 2026
North Springs Improvement District Board Meeting Agenda Packet March 2026
North Springs Improvement District Board Meeting Agenda Packet March 2026
North Springs Improvement District Meeting Minutes February 2026
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