(Ed. note: The following is a portion of the minutes of this meeting that dealt with the financing of additional debt for the City of Evansville.)
Fall 2007 Bonds and Notes. Johnson distributed a memo outlining proposed borrowings for TID #6, TID #8, and building acquisitions. Taxable general obligation bonds are proposed to provide $300,000 assistance in TID #6, $500,000 assistance in TID #8, include capitalized interest, and cover issuing expenses totaling about $950,000. Tax-exempt general obligation bank notes for $169,000 are proposed for purchase of the current Fire Hall property; the balance of the purchase comes from savings in the police and EMS accounts. Taxable general obligation bank notes for $200,000 are proposed for the purchase of the current Post Office property to enable the future expansion of the library.
Braunschweig made a motion, seconded by Roberts, to recommend to the Common Council approval of a resolution authorizing notice and sale of not-to-exceed $1,000,000 in taxable general obligation community development bonds. Motion passed unanimously on a roll call vote.
Braunschweig made a motion, seconded by Roberts, to recommend to the Common Council approval of a resolution authorizing Ehlers & Associates, Inc., to solicit competitive bank loan proposals for approximately $169,000 general obligation promissory notes of the City of Evansville, Rock County, Wisconsin. Motion passed unanimously on a roll call vote.
Braunschweig made a motion, seconded by Roberts, to recommend to the Common Council approval of a resolution authorizing Ehlers & Associates, Inc., to solicit competitive bank loan proposals for approximately $200,000 taxable general obligation promissory notes of the City of Evansville, Rock County, Wisconsin. Motion passed unanimously on a roll call vote.
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