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North Fond du Lac board approves $1.72 million promissory notes sale
Summary
The Village of North Fond du Lac Board of Trustees approved Resolution 18-2023 to sell $1,720,000 in general obligation promissory notes, series 2023A, in a 4–0 vote after a presentation by Greg Johnson of Ehlers.
The Village of North Fond du Lac Board of Trustees voted 4–0 on Dec. 4 to approve Resolution 18-2023, awarding the sale of $1,720,000 in general obligation promissory notes, series 2023A.
Greg Johnson of Ehlers presented the terms of the sale and the form of the notes and explained the related tax levy structure before the board voted. Trustee Chuck Hornung moved to approve the resolution and Trustee Ann Price seconded. Roll call was Hornung—yes, President Mike Streetar—yes, Price—yes, and Trustee Mike Will—yes.
The resolution, described in the agenda as awarding the sale of $1,720,000 general obligation promissory notes, authorizes issuance and related levy actions necessary to support the debt. The board took the formal vote during the meeting; no amendments to the resolution were recorded.
Also during the meeting the board approved routine consent items, including minutes, invoices and an operator license for Carl Peterson of Station Prospect. Those consent items passed by a separate 4–0 vote.
The village administrator and staff will proceed with the administrative steps needed to finalize the note issuance and related tax levy adjustments.
