Mauston Common Council Approves Sale of General Obligations Bonds

The Mauston Common Council approved the sale of $3.75 million general obligation corporate purpose bonds at its Tuesday meeting. The bonds are to finance the fire station project, police station improvements, and a portion of the 2017-2018 Street Improvements. The council received five bids and approved the bond sale to BOK Financial Securities in Milwaukee at 2.9 percent. Financial Advisor Brian Reilly from Ehlers said that because the bids were more aggressive than anticipated and the overall costs on issuance were less, they were able to a little more into the project funds associated with this debt issue. He said that they would be looking to close later this month or early September. The motion was approve unanimously.

Source: WRJC.com

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