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Committee unanimously backs $4.165 million tax-exempt note for 2025 capital and equipment; Division Road design included
Summary
The committee unanimously recommended authorization of up to $4,165,000 in tax-exempt general obligation promissory notes (Series 2025 B) to fund 2025 budgeted capital and equipment, including planning funds tied to the village center and a design allocation for Division Road.
The Germantown General Government and Finance Committee unanimously recommended the Village Board authorize the issuance and sale of up to $4,165,000 in tax-exempt general obligation promissory notes, Series 2025 B, to finance 2025 budgeted capital projects and equipment.
Phil Costin of Ehlers described the tax-exempt note as a 10-year financing consistent with the village’s typical practice. “The tax-exempt note is scheduled to be a 10 year financing,” he said, and added the note includes roughly $365,000 in planning expenses tied to the village center project that could become a…
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