City of Jefferson Common Council Minutes May 16 2023
Jefferson Sells $845,000 in Notes to Bankers' Bank
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Description
The City of Jefferson has awarded the sale of $845,000 in General Obligation Promissory Notes, Series 2023A, to Bankers' Bank. The notes will be used to finance infrastructure improvements in Tax Incremental District No. 9, with a maturity date of March 1, 2033.
Contract Details
Contract Amount
$845,000
Vendor
BANKERS' BANK
Agency
City of Jefferson, WI
Contract Type
FINANCIAL_SERVICES
Document Date
May 16, 2023
Contract Term
Dated June 1, 2023; maturing March 1, 2033; interest payable semi-annually
Renewal Date
2033-03-01
Renewal Info
Notes mature March 1, 2033; subject to optional early redemption starting March 1, 2030.
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