Urbandale News

Posted on: April 20, 2017

Urbandale Sells $18.65 Million in Bonds

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The 2017-2022 Capital Improvements Program, as adopted January 17, 2017, anticipates the expenditure of approximately $15,165,600 for various public improvement projects during construction year 2017.  These projects required general obligation debt to be issued in the amount of $6,704,900 million in debt levy supported general obligation bonds, and $8,460,700 million in urban renewal (TIF) bonds.  The City sold both Series A and Series B (TIF Bonds) on Tuesday, April 11, 2017.  The winning bidder for the Series A and B bonds was Robert W. Baird & Co., Inc. from Milwaukee, WI.  This series has a 15 year maturity period and had a true interest rate of 2.38%.  The Series B bonds has a 10 year maturity period and had a true interest rate of 2.04%.  

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