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Chambers County Awards $49.8M Certificates of Obligation; Robert W. Baird Wins Bid
Summary
After a same‑day bond sale, Commissioners authorized issuing $49,815,000 of Combination Tax and Revenue Certificates of Obligation, Series 2025; Robert W. Baird submitted the winning bid and S&P assigned a double‑A rating to the sale.
Chambers County on Sept. 23 authorized issuance and sale of $49,815,000 in Combination Tax and Revenue Certificates of Obligation, Series 2025, after a same‑day bond auction.
James Gilly, the county’s financial adviser, reported that eight firms submitted bids and that Robert W. Baird (Milwaukee) submitted the winning bid with an initial true interest cost of 4.438267%. “The best bid went to Robert W. Baird,” Gilly said, noting strong market participation and a recent Standard & Poor’s rating call that produced a double‑A rating for the county’s bonds.
The judge moved to authorize the issuance and sale under the terms presented by the county’s financial adviser; the motion was seconded and the court approved the order after correcting a typographical error in the printed order (the draft had listed $4,000,000 instead of the actual $49,815,000 par amount).
County staff and the financial adviser said the result reflects Chambers County’s conservative fiscal management and strong cash reserves. The court approved the issuance and directed staff to complete the sale documentation.
