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Monona approves $3.15 million notes; financial adviser cites low rates and net premium
Monona Common Council · March 17, 2026
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Summary
The council authorized issuance of $3,150,000 in general obligation promissory notes (Series 2026A). The city's financial adviser reported a successful sale, an issuance premium of roughly $220,000 and a true interest cost near 3.61% at closing, with effective borrowing cost likely lower after fund earnings.
The Monona Common Council authorized the sale of $3,150,000 in general obligation promissory notes (Series 2026A) to fund 2026 capital priorities.
Finance staff (Mark) and the city's financial adviser, Jeff…
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