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Supervisors approve advertisement for $5 million general obligation capital notes
Summary
The board directed advertisement for the sale of $5,000,000 in general obligation capital loan notes, series 2025, and approved electronic bidding procedures and the official statement; finance staff said the document circulates to potential bidders and contains the county's financial information.
The Black Hawk County Board of Supervisors on May 13 directed the advertisement for the sale of $5,000,000 of general obligation capital loan notes, series 2025, approved electronic bidding procedures and approved the official statement for the offering.
Michelle Wiener, finance director, described the official statement as the document circulated to potential bidders and noted it contains information about the county's financial position. She said accuracy matters for attracting favorable interest rates and that some boilerplate language can be skimmed while financial sections merit careful review.
The board moved and seconded the resolution and approved it by roll call. No changes were made to the proposed advertisement or bidding procedures at the meeting.
