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Council approves minor amendment to industrial revenue bond for Oberlin Filter
Summary
The Waukesha Common Council unanimously approved a resolution allowing a minor amendment to a $7.08 million industrial development revenue bond for Production Service Company (Oberlin Filter). City staff said the change reflects a bank acquisition and indexing adjustments and does not expose the city to financial risk.
The Waukesha Common Council on Nov. 18 approved a resolution authorizing an amendment to a $7,080,000 industrial development revenue bond issued in 2015 for Production Service Company, commonly referenced in materials as Oberlin Filter.
City staff explained the amendment is procedural: a bank that originally held the debt was acquired and there…
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