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Wauconda board approves nearly $6 million in bonds for water and sewer upgrades
Summary
The Wauconda Village Board on March 3 approved an ordinance to issue about $5.985 million in general obligation bonds to pay for combined waterworks and sewerage system improvements; the sale drew 59 bids and the winning bid carried a 3.62% interest rate over 20 years.
The Wauconda Village Board on March 3 approved an ordinance authorizing the issuance of approximately $5,985,000 in general obligation bonds to pay for improvements to the village’s combined waterworks and sewerage system.
Director McNattis introduced the ordinance as the final step in the village’s bond issuance process. Mark Geratina, the village financial…
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