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Finance committee backs resolution to issue up to $10.9 million in general obligation notes
Summary
The finance committee approved parameters for issuing up to $10.9 million in general obligation promissory notes to fund the city's capital improvement program; officials expect a Moody's AA2 rating and a closing around May 20.
The Waukesha City Finance Committee voted to recommend a resolution authorizing the issuance of up to $10,900,000 in general obligation promissory notes to support the city's capital improvement (community investment) program.
Brad, a municipal finance representative from Baird, presented the proposed structure and timetable. He said the notes would be tax-exempt under current law and that the city expects Moody's Investor Service to affirm an AA2 rating for the issue.…
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