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Beloit council authorizes sale of about $16.02 million in general obligation notes
Summary
The council approved a resolution authorizing staff to proceed with a competitive sale of approximately $16,020,000 in general obligation promissory notes to finance multiple capital projects from the 2023–2025 CIP.
The Beloit City Council on a voice/roll-call vote authorized the city to pursue a competitive sale of approximately $16,020,000 in general obligation promissory notes to fund capital projects from the city’s 2023–2025 capital improvement plans.
The action came after Greg Johnson, financial advisor with Ehlers, summarized a presale report showing the borrowing would finance projects carried over from multiple years and that the total…
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