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Finance Committee adds $2.5M taxable borrowing for TID incentive, approves presale parameters for notes
Summary
The committee approved resolutions authorizing up to $7,255,000 in taxable notes and $28,190,000 in tax‑exempt notes, adding $2.5M in taxable borrowing for a TID 28 developer incentive and approving presale parameters and maximum interest rates.
The City of Green Bay Finance Committee on Jan. 27 approved resolutions setting parameters for multiple promissory notes, including a taxable series not to exceed $7,255,000 and a tax‑exempt series not to exceed $28,190,000, and added $2,500,000 of taxable borrowing to cover a developer incentive in TID 28.
Harry Allen of Ehlers, the city’s bond advisor, explained the presale reports and market assumptions, saying the taxable…
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