City of Watertown Finance Committee Agenda Packet 2026-06-08
Ixonia Bank Chosen for Utility Extension Loan
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Description
The Finance Committee recommended the Ixonia Bank offer of a short-term line of credit at 4.96% for the Emmet utility extension. The line of credit will be refinanced through the City's 2027 bond issuance.
Contract Details
Contract Amount
Not specified; line of credit at 4.96%
Vendor
IXONIA BANK
Agency
Watertown Housing Authority, WI
Contract Type
FINANCIAL_SERVICES
Document Date
June 8, 2026
Contract Term
Short-term line of credit (to be refinanced in 2027 annual bond financing)
Renewal Date
2027-12-31
Renewal Info
One-time line of credit facility intended for short-term use and later refinancing.
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