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Greendale trustees approve up to about $24M in notes for capital projects and TID6 costs
Summary
Trustees approved resolutions to proceed with pre‑sale reports for roughly $17.145 million in tax‑exempt notes and about $6.72 million in taxable notes to fund capital improvements, TID 6 infrastructure, and to refinance prior note anticipation borrowings; staff outlined sale timing and tax allocation.
The Village of Greendale on May 5 approved resolutions to proceed with pre‑sale steps for two debt issuances that together would finance capital projects and TID‑related costs.
Casey Griffith of Ehlers reviewed a pre‑sale plan that separates tax‑exempt and taxable borrowing. The tax‑exempt portion was presented at roughly $17,145,000 for items including street projects, stormwater work, sidewalk replacement,…
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