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Douglas County awards $60 million‑scale bond sale; Wells Fargo wins low bid at about 4.19%
Summary
County officials and external advisors reported the county received multiple competitive bids for its general obligation sales‑tax improvement bonds series 2025a; commissioners voted 4‑0 to award the sale to Wells Fargo at a true interest cost of about 4.19 percent and set a June 11 closing.
The Douglas County Board of County Commissioners on May 21 approved a bond resolution awarding the sale of general obligation sales‑tax improvement bonds, Series 2025A, and authorized related documents and covenants. The board voted 4‑0 to approve the resolution that formally awards the sale to the low bidder, Wells Fargo.
Ben Hart of Baker Tilly, the county’s financial advisor, told the commission the sale drew wide interest: a preliminary market notice generated roughly 2,317 views and nearly 600 downloads of the preliminary official statement. At sale time the county had 10 registered bidders and three large institutional bids. Wells Fargo submitted the winning bid at a true interest cost (TIC) of about 4.19 percent; Robert W. Baird and Morgan Stanley submitted higher…
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