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Hartland Board authorizes sale process for $5.075 million in general obligation promissory notes
Summary
The board approved an engagement letter with bond counsel and adopted a resolution to begin the sale of approximately $5,075,000 in general obligation promissory notes (series 2025A) to finance capital projects; finance adviser outlined repayment sources and schedule.
The Village Board authorized the start of a bond issuance process for approximately $5,075,000 in general obligation promissory notes to finance capital-improvement projects. Greg Johnson of Ehlers presented the presale report and said the borrowing is intended to fund the village’s capital plan over the next two years. He said $3,845,000 of the borrowing will be repaid from the village levy, $800,000 from the…
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