Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Increment Financing topic
No spam. Unsubscribe anytime.
Bloomer council approves $2.88 million promissory notes to fund TID 5 infrastructure
Summary
The Bloomer Common Council on July 22 approved Resolution #09-26 authorizing issuance of $2,880,000 in General Obligation Promissory Notes, Series 2026B, to finance infrastructure development in Tax Increment District 5. The motion was moved by Alderperson Jenneman and seconded by Alderperson Hansen.
The Bloomer Common Council voted to approve Resolution #09-26 authorizing the issuance, sale and delivery of $2,880,000 in General Obligation Promissory Notes, Series 2026B, to fund infrastructure development in Tax Increment District (TID) 5. The motion (Jenneman/Hansen) carried during the July 22 meeting.
Council members said the financing will support planned TID 5 infrastructure projects that were on the agenda for the meeting. Alderperson Jenneman moved the resolution and Alderperson Hansen seconded; the council recorded the motion as carried. The resolution appears alongside other TID 5 actions taken the same night, including a State Trust Fund loan and road work approvals.
The action was formalized as Resolution #09-26. No public commentary or recorded opposition to the resolution appears in the transcript. The council adjourned after completing the listed business.
