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Waupaca County Board authorizes $5.95 million note to refinance 2014 debt
Summary
The Waupaca County Board approved Resolution No. 46 (2020-21) on March 16, 2021, authorizing a $5,954,386.91 general obligation promissory note to refund Series 2014A obligations; the resolution pledges an irrepealable tax levy for debt service and designates the note as a qualified tax-exempt obligation.
Waupaca County Board Chair Dick R. Koeppen announced the adoption of Resolution No. 46 (2020-21) on March 16, 2021, authorizing the issuance and sale of a General Obligation Promissory Note in the principal amount of $5,954,386.91 to refinance certain outstanding county obligations originally issued as General Obligation Promissory Notes, Series 2014A.
The resolution directs that the note be dated April 13, 2021, be issued in denominations of $100,000 or more, and be sold to First State Bank under the terms of an attached proposal. Interest will be payable semiannually on March 1 and September 1, commencing September 1, 2021; the schedule of principal and interest payments is set forth in…
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