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Waunakee approves revenue bond sale for water and electric projects after competitive bids
Summary
The Village of Waunakee approved a resolution awarding a sale of water and electric system revenue bonds for projects including a water tower, well drilling and related work after a competitive sale earlier the same day; municipal financial adviser noted differences between presale estimates and final award sizing.
The Village of Waunakee approved a resolution awarding the sale of revenue bonds for the village’s water and electric systems after a competitive sale held earlier the same day.
Casey Griffith, senior financial specialist with Eller & Company, told the board the sale was successful and that Moody’s affirmed an A1 underlying rating for the utility. Griffith said bond insurance obtained by the underwriter added an additional rating and that six bids were…
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