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Janesville council approves sale of taxable general obligation notes after favorable bids
Summary
The council approved a resolution awarding a taxable general obligation promissory note sale related to the Woodman Sports and Convention Center financing; staff reported a lower-than-expected true interest rate and projected interest savings.
The Janesville Common Council on Sept. 8 approved a resolution awarding the sale of taxable general obligation promissory notes connected to the Woodman Sports and Convention Center financing, following competitive bids that produced a lower-than-expected interest rate.
Finance Director Dave Godak told the council the S&P rating on the issue was double-A…
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