Middleton committee OKs parameters for up to $4.49 million promissory note
The committee approved sending Resolution 2026-17 to council, authorizing parameters for a general obligation promissory note not to exceed $4,490,000; financial advisors set minimum and maximum bid bounds (99%–107%) and capped maximum true interest cost at 4%.
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The Middleton Finance & Personnel Committee on May 19 approved Resolution 2026-17, establishing sale parameters for a general obligation promissory note of up to $4,490,000 and directing staff to finalize the competitive sale.
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