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Elk Mound board approves $184,000 promissory note to fund projects
Summary
The Village of Elk Mound authorized Resolution 26-3 to issue a General Obligation Promissory Note, Series 2026A, for $184,000 in a unanimous roll call vote. Trustees cited routine financing needs; the minutes record no amendments to the resolution.
The Village of Elk Mound Board of Trustees voted unanimously July 21 to approve Resolution 26-3 authorizing the issuance and sale of a General Obligation Promissory Note, Series 2026A, in the amount of $184,000. Trustees Bob Bachman and Roger Linberg moved and seconded the measure; the minutes record a roll call vote of Abraham: yes, Bachman: yes, Benjamin: yes, Hahn: yes, Linberg: yes, Price: yes, Stamm: yes.
The minutes do not specify the specific capital projects to be funded from the note or the repayment term. The approval completes the board's stated motion to place the financing on the municipal agenda; details about sale timing and underwriting were not listed in the minutes and are thus not specified.
