Vernon County board approves $5.5 million promissory notes at 4.0327%
The board adopted Resolution 2025-26 to award $5,500,000 in General Obligation Promissory Notes, Series 2025A (20-year issue). Presenters said the county received an AA- rating and the winning bid carried a 4.0327% rate.
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The Vernon County Board of Supervisors voted to adopt Resolution 2025-26 to award the sale of $5,500,000 in General Obligation Promissory Notes, Series 2025A. Shawn Lentz of Ehlers presented the sale details, reporting a bond rating of AA- and a winning bid with an interest rate of 4.0327% on a 20-year issue. Board discussion noted required scheduled payments for the first eight years and the county’s ability to pay additional principal beginning in 2034.
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