Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Minnetonka awards $10 million utility revenue bond; Piper Sandler wins competitive bid
Minnetonka City Council · November 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The council unanimously approved awarding $10 million in General Obligation Utility Revenue Bonds (Series 2025B) after competitive bids; Piper Sandler submitted the winning bid with a true interest cost of about 3.53%, producing approximately $10.8 million in net proceeds due to a premium.
The Minnetonka City Council on Nov. 24 adopted a resolution awarding the sale of $10,000,000 in general obligation utility revenue bonds (Series 2025B) to Piper Sandler after a competitive sale administered by the city’s municipal advisor.
Finance staff said the bond proceeds will reimburse…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
