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Monona authorizes financial advisor to seek market for $3.3 million promissory notes
2892589 · April 8, 2025
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Summary
Council authorized the city’s financial advisor, Huntington, to go to market to sell $3.3 million in general obligation promissory notes, with the official sale to return to council for approval once rates are known.
The Monona Finance Committee on April 8 adopted a resolution authorizing financial advisors to seek market bids for $3,300,000 in general obligation promissory notes, series 2025A. The resolution allows the advisors to solicit and report pricing, with the council scheduled to consider an official sale at a future meeting when rates…
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