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Beloit council authorizes sale of about $16.02 million in general obligation promissory notes

2324454 · February 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Beloit City Council authorized staff to proceed with a competitive sale of $16,020,000 in general obligation promissory notes (series 2025A) to fund multiple capital projects spanning the city's 2023–2025 capital improvement plans.

The Beloit City Council on February 2025 authorized staff to proceed with a competitive sale of approximately $16,020,000 in general obligation promissory notes (series 2025A) to fund projects across the city’s 2023, 2024 and 2025 capital improvement plans.

The authorization, presented as resolution 2025-026, allows city staff and financial advisors to move forward with the sale; a competitive bidding date was set for March 17, with award to follow. Greg Johnson of Ehlers reviewed the presale report during the council meeting and…

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