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Regents approve University of Iowa bond sales for Memorial Union, health‑sciences building and parking
Summary
The Iowa Board of Regents approved three University of Iowa bond resolutions after municipal advisor Elizabeth Bergman reported favorable bid results; one regent recorded a dissent on the Memorial Union bond.
The Iowa Board of Regents voted to approve three University of Iowa bond resolutions after municipal advisor Elizabeth Bergman of Baker Tilly reported favorable market results for the sales.
Bergman told the board that the Memorial Union revenue bond sale produced a winning bid from Baird at a true interest cost of 4.50% and that the board received three bids. The Regents approved a resolution authorizing $34,300,000 in Iowa Memorial Union revenue bonds (Series SUI 2025); Regent Barker recorded…
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