Laserfiche WebLink
Robert W. Baird & Co., Inc. -Milwaukee, WI's Bid <br />City of Elk River, Minnesota <br />$1,750,000$1,615,000General Obligation Water Utility Revenue Bonds, <br />Series 2021C <br />For the aggregate principal amount of $1,750,000.00$1,615,000.00, we will pay you $1,871,386.25 <br />$1,721,636.76, plus accrued interest from the date of issue to the date of delivery. The Bonds are to bear <br />interest at the following rate(s): <br />Maturity DateAmount $Coupon %Yield %Dollar PriceBond Insurance <br />08/01/202275M50M4.0000 0.2000 104.331 <br />08/01/202380M60M4.0000 0.2200 108.071 <br />08/01/202480M60M4.0000 0.3000 111.560 <br />08/01/202580M65M4.0000 0.4200 114.683 <br />08/01/202680M70M4.0000 0.5500 117.466 <br />08/01/202780M70M4.0000 0.6500 120.136 <br />08/01/202880M75M4.0000 0.8000 122.168 <br />08/01/202985M75M4.0000 0.9500 123.840 <br />08/01/203085M80M4.0000 1.0500 125.648 <br />08/01/203185M80M4.0000 1.1500 124.662 <br />08/01/2032 <br />08/01/2033 <br />08/01/2034260M260M2.0000 1.6000 103.388 <br />08/01/2035 <br />08/01/2036 <br />08/01/2037280M275M2.0000 1.8500 101.255 <br />08/01/2038 <br />08/01/2039 <br />08/01/2040 <br />08/01/2041400M395M2.0000 2.0500 99.177 <br />Total Interest Cost:$483,353.33$458,916.67 <br />Premium:$121,386.25$106,636.76 <br />Net Interest Cost:$361,967.08$352,279.91 <br />TIC:1.798600 1.819569 <br />Total Insurance Premium:$0.00 <br />Time Last Bid Received On:05/11/2021 10:13:39 CDST <br />This proposal is made subject to all of the terms and conditions of the Official Bid Form, the Official Notice of <br />Sale, and the Preliminary Official Statement, all of which are made a part hereof. <br />Bidder:Robert W. Baird & Co., Inc., Milwaukee, WI <br />Contact:Peter Anderson <br />Title: <br />Telephone:414-765-7331 <br />Fax: <br />Issuer Name:City of Elk River, MinnesotaCompany Name:Robert W. Baird & Co., Inc. <br />Accepted By:___________________________Accepted By:___________________________ <br />Date:May 11, 2021Date:May 11, 2021 <br />