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EDA bond sale for police facility closes in October after favorable bids, consultant says
New Prague City Council · October 21, 2025
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Summary
Ehlers reported an AA- rating and a premium bid that reduced the bond issue size; the true interest cost was 4.4856% and annual debt service is estimated near $630,000. Closing and availability of funds are expected Oct. 30.
An update to the council from Rebecca Kurz of Ehlers described results of lease revenue bond bidding for the police facility financing. The issue received an AA- rating from Standard & Poor's and a single bid from Baird in Milwaukee with a true…
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