Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves $3.5M notes, $1.5M CDBG conversion funds for Hope Village and five ordinances; appointments confirmed
Summary
Chippewa County Board members approved awarding $3.5 million in promissory notes, authorized $1.5 million in CDBG funds for a housing conversion project, and approved five ordinance amendments during the Sept. 10 meeting.
Chippewa County Board members took multiple formal actions on Sept. 10, approving bond financing, allocating CDBG conversion funding for affordable housing, waiving second readings and approving five local ordinances, and confirming administrator appointments.
Promissory notes — award finalized The board approved Resolution 308-24 to award the sale of $3,500,000 in general obligation promissory notes. Brad Vigot, managing director at Baird (the county’s underwriter), told the board the county locked an interest rate of 3.09%, about 56 basis points lower than the June planning estimate, and that the lower rate translated to roughly $91,000 less interest cost over the life of the issue. “This will be finalized tonight…we were able to lock in an interest rate of 3.09%,” Brad said. The financing maintained the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
