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FINANCIAL_SERVICESPENDING

Morton County Commission AgendaPacket 2026-05-14

County Weighs Role in UMary Bond Financing

Up to $60,000,000 tax-exempt financing (multi-issuer)Morton CountyBRAVERA BANKMay 14, 2026

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

Description

Morton County is considering participating as a bank-qualified bond issuer for up to $10 million of a $60 million tax-exempt financing package arranged by Bravera Bank for University of Mary projects. The County would earn an issuer fee of up to $10,000 with no repayment obligation for the debt.

Contract Details

Contract Amount

Up to $60,000,000 tax-exempt financing (multi-issuer)

Vendor

BRAVERA BANK

Agency

Morton County, ND

Contract Type

FINANCIAL_SERVICES

Document Date

May 14, 2026

Renewal Info

Single bond issuance structure; Morton County may act as bank-qualified issuer for up to $10 million in 2026 within the federal limit, with no ongoing debt support obligations.

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