Transaction Details

Village of Hoffman Estates

---

Baird served as sole underwriter on the Village’s $8,855,000 General Obligation Bonds, Series 2024. The Bonds financed the design, construction, and equipment of fire stations in the Village. The financing includes the planning, design, and construction of Fire Station 21. Fire Station 21 will be approximately 13,500 square feet and contain an apparatus floor area, living quarters and space for equipment, supply storage, office areas and training needs. The project will also include the demolition of the existing fire station and construction of pavement and parking facilities. The total cost of the project is expected to be approximately $9,000,000.

After a successful premarketing campaign Baird had success in selling the Bonds to investors. Baird had oversubscriptions in 2033 through 2035 and 2039 through 2043. Baird was able to lower yields in 2039 and 2041 by 5 basis points (0.05%).