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Wausau finance committee authorizes bonding to close 2025 lead service line project
Summary
The City of Wausau Finance Committee on Oct. 28 approved measures to close loans for the 2025 lead service line replacement project, authorizing a taxable general obligation promissory note and water system revenue bonds and approving related state financial assistance agreements.
The City of Wausau Finance Committee on Oct. 28 approved financing measures to close loans for the 2025 lead service line replacement project, authorizing a taxable general obligation promissory note of up to $311,838 and water system revenue bonds of up to $4,596,236 and approving related state financial assistance agreements totaling millions of dollars.
City staff said the approvals are intended to finalize loans and the state financial assistance agreements that will appear before the full City Council on Nov. 11, with loan closings scheduled for Nov. 26. "It will be here for council on…
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