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East Troy board approves taxable promissory notes to fund TID 4 projects
Summary
The Village Board approved Resolution 2025-18 authorizing sale of taxable general obligation promissory notes (Series 2025B) to reimburse prior land purchases and fund infrastructure in Tax Increment District 4 after a successful competitive sale; staff reported a true interest cost of 5.7% and projected debt service remains within capacity.
The East Troy Village Board on Nov. 17 adopted Resolution 2025-18 authorizing the issuance and sale of taxable general obligation promissory notes, Series 2025B, to fund land purchases and infrastructure improvements in Tax Increment District 4.
Kayla of Ehlers, the village’s municipal finance advisor, told the board the sale attracted five bids and produced a true interest cost of…
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