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Middleton hires Clearwater Financial to advise on proposed $68 million wastewater bond; $12,000 initial retainer approved
Summary
The Middleton City Council authorized an initial master services agreement with Clearwater Financial LLC not to exceed $12,000 to assist with municipal advisory work for a planned wastewater treatment plant bond estimated at about $68 million.
The Middleton City Council on Jan. 15 authorized the mayor to sign an initial master services agreement with Clearwater Financial LLC for up to $12,000 to provide municipal advisory and financial services in advance of a voter-approved bond for the city’s proposed wastewater treatment plant.
The agreement will fund advisory work over the coming 12 months to help the city select bond counsel, refine financing options and prepare for the debt-authority vote that will be required before the city can issue bonds to pay for plant construction.
Jason Van Gilder, Middleton’s public works director, told the council the retainer would let the city “begin to work with us on this project” and that Clearwater would…
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