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Madison approves engagement with Public Finance Partners to monitor redevelopment bond tax compliance
Summary
The Madison City Commission approved an engagement letter with Public Finance Partners to provide post-issuance tax monitoring for a $4.9 million private-placement redevelopment bond; the quoted fee is $3,500 and the engagement is described through June 12, 2030.
The Madison City Commission on Aug. 12 approved an engagement letter with Public Finance Partners to perform tax and post-issuance compliance monitoring for the city's redevelopment district bond, a private placement with German American Bank.
City staff said the engagement will ensure required federal tax filings and arbitrage calculations are tracked for the bond. Shirley Sinclair, City of Madison staff, told the commission that the work involves "post issuance compliance issues" and a set of annual monitoring…
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