City approves $9.98M issuance for Ascension property purchase by July 1 deadline

The Special General Government & Finance Committee meeting held on May 5, 2025, in Germantown, Wisconsin, focused on key financial discussions regarding upcoming property purchases and bond issuance.

The meeting began with a presentation from Ehlers, which addressed two main agenda items. The first item discussed was the issuance of a $9,980,000 general obligation bond series 2025 A, specifically the taxable bonds. This financial move is part of the village's strategy to facilitate the acquisition of the Ascension property, which is scheduled for purchase by July 1, 2025.

Committee members discussed the timeline for this transaction, noting that closing on the property is tentatively set for June 26, 2025. This timeline aligns with the necessary preparations for the purchase, ensuring that all financial arrangements are in place before the deadline.

The meeting concluded with an invitation for questions, although details on some referenced projects were limited. Overall, the discussions highlighted the village's proactive approach to managing its financial obligations and property acquisitions, setting the stage for future developments in Germantown.