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Village of Mundelein | Lake County, Illinois | $32,790,000 General Obligation Bonds, Series 2019
In June of 2019 Mundelein, IL embarked on the largest single project in the village’s history. Bernardi Securities, Inc. managed the bond financing for the project. The funds raised will help consolidate Mundelein’s Public Works and Engineering facilities into one centralized location. Construction will incorporate an existing 26,000-square-foot commercial facility to save on costs and […]
Snohomish County, Washington Limited Tax General Obligation Bonds, 2018, Series A (Tax-exempt)
On November 13th, 2018 Bernardi underwrote a bond issue for Snohomish County, WA. The issue was used to finance the cost of certain mechanical system and LED lighting upgrades in County buildings in order to improve energy efficiency. In 2012 Federal legislation came into effect mandating certain efficiency standards for lighting. Since this time, consumer […]
Grand Traverse County, MI – Township of Blair 2018 Water System Project Bonds General Obligation – Limited Tax
Iron occurs naturally in water and, though in limited quantities it does not pose a risk to our health, no one wants to drink discolored, metallic-tasting H2O, nor have brown stained fixtures as a result of washing. On August 13th, 2018 Bernardi underwrote a bond issue used to finance the construction of an Iron Removal […]
City of Kalamazoo, MI Wastewater System Revenue Bonds
On May 2nd, 2018 Bernardi underwrote a new issue for the Kalamazoo, MI Wastewater System. The debt was issued in order to fund various sewer projects throughout the city, including new and replacement mains, a pump, lift station improvements and treatment plant improvements. In its entirety, the system cleans up water that flows through approximately […]
Perspective for Advisors: Best Execution
Registered investment advisors (RIA) who purchase fixed income securities for clients, should have best execution in the forefront of their minds. In July 2018, the SEC Office of Compliance Inspections and Examinations (OCIE) issued a risk alert detailing a list of deficiencies seen in various RIA best execution policies and procedures. Additionally, the SEC watchdog, […]
South Bend, IN Park District
Bernardi takes pride in the impact we have on local communities by assisting them and providing low cost tax-exempt and taxable funding for public purpose projects. Our impactful responsibility of marrying investors with issuers was recently demonstrated by various South Bend, IN Park District issues we underwrote. The bonds were issued to transform various parks […]