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Finance committee authorizes start of $4 million capital borrowing, hears Baird presentation
Summary
The Middleton finance committee approved two resolutions to begin a $4 million general obligation promissory note sale and heard Baird financial advisor Brad explain an 8-year amortization, Moody’s Aa1 affirmation and estimated interest-rate parameters for budgeting.
The Middleton Finance Committee voted March 19 to authorize two linked resolutions to begin the city’s 2024 capital borrowing of roughly $4,000,000.
Bill (staff) introduced the item as the first step in the borrowing process. Brad from Baird, the city’s financial advisor, walked the committee through the financing plan and markets, saying the issue is a general obligation promissory note that “pledges its…
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