Debt issue settled at quick city meeting

The Antigo Common Council blazed through a light agenda Wednesday, taking just eight minutes to roll through the regular June session.

On a unanimous vote, aldermen approved a resolution to refinance of existing debt, which has a balloon payment due this summer, at a lower interest cost. Principal amount of the promissory notes will be $2.67 million, with an interest rate of 3.25 percent.

The funds were originally borrowed to finance lease-purchase agreements for several industrial expansions. Payments are made by industries through those leases.

Full story: Antigo Daily Journal

Add new comment

Warning
Please refrain from adding URLs to unrelated or commercial websites. This site is moderated and comments with inappropriate links are rejected. Thank you for your understanding.

No profane language is allowed! Posts that contain profanity will not be published.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Image CAPTCHA
Enter the characters shown in the image.