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Prairie du Chien council approves sale of $8.62 million in promissory notes
Summary
At a June 9 special meeting the Prairie du Chien Common Council unanimously approved two resolutions authorizing the issuance and sale of General Obligation Promissory Notes—$7,265,000 for Series 2026A and $1,355,000 for Series 2026B—and waived the readings. The meeting adjourned at 5:14 p.m.
The Prairie du Chien Common Council unanimously approved two resolutions at a special meeting on June 9, 2026, authorizing the issuance and sale of General Obligation Promissory Notes totaling $8,620,000.
Council member Bremmer moved to approve Resolution 2026-20, authorizing General Obligation Promissory Notes, Series 2026A, and to waive the first and second readings; Council member Waller seconded. The motion approved issuance and sale in the amount of $7,265,000 by a roll call vote of 7-0. The agenda entry listed $7,670,000, and the minutes record that the approved amount was $7,265,000.
Council member Riebe moved to approve Resolution 2026-21, authorizing taxable General Obligation Promissory Notes, Series 2026B, and to waive the first and second readings; Council member Ringgold seconded. The motion approved issuance and sale in the amount of $1,355,000 by roll call vote 7-0. The agenda entry listed $1,370,000, while the recorded approved amount was $1,355,000.
Earlier in the meeting the council approved certification of open meeting law compliance and the agenda on a motion by Council member Bremmer, seconded by Council member Ringgold; roll call vote 7-0. The special meeting was called to order by Mayor Mark Gillitzer at 5:00 P.M. in the Council Chambers of City Hall and adjourned at 5:14 P.M. on a motion by Council member Crotty, seconded by Council member Granzow; voice vote 7-0.
Minutes list Police Chief Kyle Teynor, City Planner Nate Gilberts, and City Clerk/Treasurer Tina Fuller as city staff present. The minutes do not specify the intended uses of the proceeds, funding sources beyond the sale authority, or additional terms of the notes.
