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.
Add new comment