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Waukesha board accepts 10-year loan commitment to fund road and traffic-signal projects
Summary
Trustees approved a 10-year loan commitment with Waukesha State Bank to fund a road project and a $60,000 traffic-signal expense; trustees compared bank offers and legal costs before voting.
Trustee Chad Niles, Village President, led a discussion of municipal loan commitment letters and recommended proceeding with a 10-year loan through Waukesha State Bank to finance road projects and a $60,000 traffic-signal expense.
The board discussed competing offers, costs and legal fees before voting to approve the commitment letter for a 10-year loan from Waukesha State Bank.
Village Finance…
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