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Manitowoc County board approves $2.57 million promissory note sale after receiving lower-than-expected bids
Summary
The Manitowoc County Board approved a resolution awarding the sale of $2,570,000 in general obligation promissory notes, series 2025, after receiving a low bid at 3.755 percent, a rate county finance officials said was materially below earlier estimates.
The Manitowoc County Board of Supervisors approved a resolution awarding the sale of $2,570,000 in general obligation promissory notes, series 2025, after receiving a low bid that county finance committee members said was well below earlier estimates.
Supervisor Hanson, chair of the Finance Committee, told the board the county had anticipated bond interest around 4.5 to 4.6 percent but the low bidder,…
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