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Council approves financing resolutions, asset policy and licenses in unanimous votes
Summary
The Waupaca Common Council approved two financing resolutions (general obligation promissory notes and a sewer revenue bond), updated the city’s capital fixed-asset threshold, and approved several licenses; most votes were unanimous voice votes or roll calls recorded as 10 ayes.
At its Feb. 19 meeting, the Waupaca Common Council approved a set of municipal financing measures, an administrative policy update and several license matters.
Key approvals included a resolution authorizing the issuance of not-to-exceed $3,965,000 in general obligation promissory notes and a separate resolution authorizing not-to-exceed $3,995,000 in sewer system revenue bonds. Both measures were passed by roll call vote and recorded as 10 ayes.
The council also approved an administrative update to the city’s capital fixed-asset policy, raising the capitalization threshold from $5,000 to $10,000 to align with recent federal guidance; that motion passed on a roll call recorded as 10 ayes.
Licensing items approved included a transfer of a Class B intoxicating liquor license and Class B fermented malt beverage license to GNL LLC doing business as Grand National Lounge at…
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