Staff outlines GO bond team and timeline; successful health and hospital pricing to close in days
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Summary
Karen, staff member, said Loop Capital will underwrite the upcoming GO bond transaction and that staff expects to price before Thanksgiving and close in December.
Karen, staff member, reported on current projects and financing activity. She said Loop Capital will lead underwriting for the upcoming GO bond transaction; Ice Miller is serving as underwriter counsel, Bose McKinney & Evans is serving as bond counsel, and Sickmore Advisors is the municipal advisor. Karen told the board staff hopes to price the GO bonds before Thanksgiving and to close in December so the city will have funds available before year‑end.
Karen also said the team completed a successful pricing last month on the 2025 C&D health and hospital refunding bonds that were approved at the prior board meeting; she said staff is working toward closing those bonds in about eight days.
Karen briefed the board that staff continues to negotiate terms with a developer on the Old City Hall project and circulated the 2026 board meeting calendar for members’ review.
Why it matters: the update describes the professional teams and the near‑term timeline for bond pricing and closings that will deliver cash to city projects and reinforces ongoing project work on Old City Hall.