city-of-ashland-common-council-meeting-agenda-september-30-2025_4a6.pdf
Ashland to issue $1.1M in water system revenue bonds
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Description
The City of Ashland is set to issue water system revenue bonds, Series 2025, up to $1,161,830. The financing, obtained through the Wisconsin Department of Natural Resources' Safe Drinking Water Loan Program (SDWLP), will fund the watermain portion of previously approved projects like Ellis Avenue Reconstruction and Prentice Avenue Reconstruction, and the Ore Dock Access Road. Costs eligible for WI DNR funding total $2,581,846, with the WI DNR providing $1,420,016 in principal forgiveness.
Contract Details
Contract Amount
$1,161,830
Vendor
RITOLA
Agency
City of Ashland, WI
Contract Type
Construction
Document Date
September 30, 2025
Contract Term
30 years
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