April 11, 2022
The Superintendent of Schools and Secretary of the Board of Directors of the North Mahaska Community School District in the Counties of Mahaska and Poweshiek, State of Iowa, and the Financial Advisor for the District, met via phone at 10:00 A.M. on the above date to open sealed bids received and to then refer the bids to the Board of Directors for further action at its meeting to be held at 6:00 P.M. on this date at the North Mahaska Community School District, New Sharon, Iowa.
This being the time and place for the opening of bids for the sale of not to exceed $2,800,000 General Obligation School Bonds, Series 2022, the meeting was opened for the receipt of bids for the Bonds.
Sealed bids were filed and listed in the minutes while unopened, as follows:
Name & Address of Bidders:
The Superintendent, Secretary of the Board, and Financial Advisor opened the sealed bids received, and the best sealed bid was as follows:
Name & Address of Bidder: Robert W. Baird & Co., Inc. - Milwaukee, WI
Purchase Price: $2,859,457.15
Net Interest Cost: $872,992.85
True Interest Cost: 2.949359%
The Superintendent, Secretary of the Board, and Financial Advisor for the School Board referred the bids to the Board of Directors of the North Mahaska Community School District for further consideration at its meeting to be held at 6:00 P.M. on this date in the Junior/Senior High Library, 2163 – 135th Street, New Sharon, Iowa 50207.
Angela Livezey
Superintendent of Schools
Sarah McGriff
Secretary of the Board of Directors
Matthew Gillaspie
Financial Advisor
