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County staff outline debt and cash options for proposed $50M highway shop; committee asks for a financing plan
Summary
Marathon County’s administrator and financial adviser presented two scenarios to finance a hypothetical $50 million highway shop — issuing roughly $20.33 million in new debt or using annual North Central Healthcare payments — and the committee asked staff to develop a detailed plan, schedule of values and cash-flow analysis.
Marathon County officials on Nov. 1 discussed how to finance a potential $50 million highway shop but took no action, asking staff to return with a plan that balances tax impact and project timing.
Administrator Leonard and Kristen Hansen of PFM presented two high-level scenarios. In the first, the county would issue roughly $20.33 million of general obligation promissory notes (staff used an illustrative 5% interest-rate assumption), producing annual principal-and-interest payments of about $1.6 million and…
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