Municipal bond financing offers a stable and reliable source of low cost funding for communities across our country as they work to improve their local infrastructure base and create jobs.
Today, more than ever before, our communities need a healthy and vibrant municipal bond market to help them grow and prosper.
Taylorville, IL Community Unit School District No. 3 | $12,875,000 General Obligation Limited School Bonds, Series 2021A and $8,435,000 Taxable General Obligation School Refunding Bonds (Alternate Revenue Source), Series 2021B
In early 2021, Community Unit School District Number 3 (Taylorville, Illinois) issued $21,310,000 Series 2021A and Series 2021B Bonds. Bernardi Securities, Inc. served as the sole Managing Underwriter on the successful borrowing for the District. Bond proceeds were used for new project financing and existing debt refinancing purposes.
According to a recent piece authored by assistant superintendent David Hixenbaugh, the school District’s origins date all the way back to 1840, and is now composed of 2,870 students, 400 employees and an annual budget of over $16 million.
Series 2021A financed HVAC improvements, roof replacements and tuckpointing at the District’s facilities. The Project is expected to be completed within three years from the issuance of the Series 2021A Bonds.
Series 2021B refinanced existing debt, saving the district $1,083,714.93 over the life of the 2021B bonds.
Bernardi is proud to support the local community and assist in value-add projects for Taylorville residents.