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Committee reviews pre-sale report for $5.5 million 2025A debt issue
Summary
Consultant Ehlers presented a pre-sale report on a proposed $5.5 million debt issuance (series 2025A); the committee was told the issue could be ready for the March county board meeting and the chair asked staff to model earlier pre-payment options.
A representative from Ehlers presented a pre-sale report on the proposed $5.5 million debt issue, series 2025A, and told the Vernon County Finance Committee the issue could be ready in time for the March county board meeting.
Chair Kay Stanek asked staff to provide comparative numbers showing the effect of beginning pre-payment after five years instead of seven, indicating the committee wants to evaluate early paydown scenarios before finalizing terms. No formal vote was taken on the debt issuance during the meeting; the committee asked staff to return with updated figures for the full board's consideration.
The committee's discussion placed the item in the agenda for potential board action in March, but no additional details about interest rates or final structuring were recorded in the minutes.
