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Nixa reports sale of $14.63 million special-obligation bonds for police building; Moody's rates bonds AA3
Summary
Municipal advisor Baker Tilly reported Jan. 21 bond sale results for a police building: $14,630,000 in 20-year special obligation bonds, 3.96% true interest cost, awarded to Robert W. Baird; Moody's assigned AA3 to the bonds and affirmed the city's AA2 issuer rating.
City officials heard results of a municipal bond sale for a new police building during the Jan. 28 Nixa City Council meeting.
Tom Calico of Baker Tilly Municipal Advisors reported the sale of $14,630,000 of 20-year special-obligation bonds that will finance the police building. He said the final par amount was reduced from the originally estimated $15,300,000 because the successful bid included a premium,…
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