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Kiel City Council authorizes promissory note, appoints audit contractor and approves equipment and vehicle purchases
Summary
Council authorized a $167,513.64 general-obligation promissory note, approved hiring Baker Tilly for the 2025 audit (vote 4-1), purchased a DPW exhaust fan and approved vehicle sales and purchases; routine receipts and bills were also approved.
The Kiel City Council approved multiple fiscal and operational items at its meeting, including authorizing issuance of a $167,513.64 general-obligation promissory note to extend a 2019 bond payment, awarding an audit engagement to Baker Tilly, purchasing DPW equipment, completing two surplus vehicle sales and approving purchases for two 2026 fleet vehicles.
Promissory note: City staff (Speaker 3) explained the city faced an amortization this year on a bond issued in 2019 and proposed extending the payment schedule so the city could continue its existing payment pattern and preserve short-term cash flow. Council moved and approved authorization for the issuance and sale of a $167,513.64 general-obligation promissory note; the transcript records…
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