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Appleton City finance committee approves bond redemption agent, inventory write-off and WisDOT utility forms
Summary
The Appleton City Finance Committee on Wednesday approved a resolution to appoint a redemption agent for several older water and stormwater revenue bonds and cleared a $6,912.36 inventory write-off and two WisDOT utility forms, all by unanimous votes.
The Appleton City Finance Committee on Wednesday approved a series of routine finance and utility items, including a resolution to appoint a redemption agent for certain older water and stormwater revenue bonds, a $6,912.36 write-off of obsolete wastewater inventory and two WisDOT utility forms for adjustments related to State Highway 441.
Director Roman said the resolution (Resolution 25-16) would authorize an agent or trust to perform mandatory redemption notifications for four older revenue bonds that the city previously handled in-house. "What this resolution is doing is it's authorizing, approving, and appointing associated trust to take care of mandatory redemption notifications that we're required to do…
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