Revenue Bond Issue Fees
While the fees may vary for some of the Council's programs, the origination and ongoing fees for revenue bond issues and leases are outlined below.
Origination Fees
- Non-refundable origination fee equal to one-tenth of one percent of the principal amount of the single facility revenue bonds or the lease.
- Minimum origination fee of $15,000.
- Maximum origination fee of $40,000.
- Non-refundable application fee of $1,500 to accompany the project plan. The application fee will be deducted from the origination fee at closing.
Annual Fees
- Five basis points on the outstanding principal amount of the single facility revenue bonds or the lease.
- Minimum annual fee of $7,500 per year.
- Maximum annual fee of $15,000 per year.
Other Fees
- All legal fees, including the borrower's legal counsel fees, bond counsel fees, special tax counsel fees (if required), and the Council's general counsel fees, are the responsibility of the borrower.
- For complex borrowings, the Council may require that a financial advisor be retained, at the borrower's expense, to assist with analysis of the financing on behalf of the Council.