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Verona council approves parameters for up to $2.12 million promissory note to fund infrastructure projects
Summary
Council approved a resolution delegating authority within set parameters to issue up to $2,120,000 in general obligation promissory notes (Series 2025A) to fund street, water, wastewater and equipment projects.
The Verona Common Council approved a resolution setting parameters for the sale of general obligation promissory notes not to exceed $2,120,000 to finance multiple city infrastructure projects, the council said Monday.
The action authorizes execution and sale of notes within limits set in the resolution; staff and the mayor or clerk will execute final documents once conditions are met. Council members said delegating limited authority to the…
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