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County board authorizes up to $2.57 million in borrowing for highway projects
Summary
The Manitowoc County Board approved a resolution authorizing general obligation promissory notes not to exceed $2,570,000 for county highway projects; supervisors discussed interest-rate volatility and a two-step process to seek the best financing rate.
The Manitowoc County Board voted to authorize general obligation promissory notes of up to $2,570,000 to finance county highway projects.
Supervisor Hansen moved to support the resolution, which he described as an initial authorization for bonds “for not more than $2,570,000.” The motion was seconded by Supervisor Bridal. The board voted and the resolution was approved; the clerk conducted the…
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