U.S. Bank Trustee Administers Bug Tussel Bond Default
Marathon CountyCounty · Wausau, WI- Disclosed value
- $70,000,000 taxable revenue bonds; $347,409.01 pro rata replenishment demand involving Marathon County
- From agenda
- Document date
- Nov 14, 2026
- Renews
- Free account
The 30-second brief
U.S. Bank Trust Company, National Association continues serving as trustee for the $70 million Bug Tussel revenue-bond financing. The trustee transferred reserve funds to cover a payment deficiency and demanded $347,409.01 from Marathon County as guarantor for its pro rata replenishment obligation by April 8, 2027.
U.S. Bank Trust Company National Association holds this financial services contract with Marathon County. Its other public contracts on record include work for Souderton Area SD and Housing Authority of Snohomish county.
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Contract details
- Contract type
- Financial Services
- Amount
- $70,000,000 taxable revenue bonds; $347,409.01 pro rata replenishment demand involving Marathon County
- Document date
- November 14, 2026
- Term
- Indenture of Trust dated December 1, 2021; trustee obligations continue under the transaction documents
- Renews
- On record
- Agency
- Marathon County
- Source document
- Marathon County Agenda Special Meeting 2026-11-17 (Agenda)
U.S. Bank Trust Company National Association's other public contracts
More Marathon County contracts
Questions about this contract
Who was awarded the financial services contract by Marathon County?
U.S. Bank Trust Company National Association was awarded this financial services contract by Marathon County, as recorded on November 14, 2026. The contract value is $70,000,000 taxable revenue bonds; $347,409.01 pro rata replenishment demand involving Marathon County.
How much is the U.S. Bank Trust Company National Association contract with Marathon County worth?
The U.S. Bank Trust Company National Association contract with Marathon County is valued at $70,000,000 taxable revenue bonds; $347,409.01 pro rata replenishment demand involving Marathon County, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Marathon County Agenda Special Meeting 2026-11-17 (Agenda), dated November 14, 2026 from Marathon County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does U.S. Bank Trust Company National Association hold?
U.S. Bank Trust Company National Association may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Marathon County currently buying?
Explore Marathon County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
