revenue bonds
City loans paid back from a utility's income to fund public projects.
Whether future water and sewer rate discussions explicitly tie back to debt payments for these borrowings, and whether any written guardrails are adopted for the Neshotah Beach revenue-and-donations financing concept.
Typically discussed at City Council. Check back when the next agenda is published.
Council approved up to $1,835,579 in a rate-backed loan for sewer work, including replacements on Harbor, 16th, and Emmet plus pipe-lining and lead service sanitary laterals. Earlier, council also authorized about $1.39 million in water-utility borrowing, but the meeting record didn’t spell out the project list. The other big financing talk was the Neshotah Beach building idea: room tax dollars plus event revenue, donations, and borrowing—with council members flagging the risk if the revenue doesn’t show up.
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passed 8-0 City Council · Feb 2, 2026 26-020 Resolution Authorizing the Issuance and Sale of Up To $1,835,579 Sewerage System Revenue Bonds, Series 2026, and Providing for Other Details and Covenants with Respect Thereto, and Approval of Related Financial Assistance Agreement
Motion to waive reading and adopt the resolution authorizing the Issuance and Sale of Up To $1,835,579 Sewerage System Revenue Bonds, Series 2026, and Providing for Other Details and Covenants with Respect Thereto, and Approval of Related Financial Assistance Agreement
Doug Brandt YesShannon Derby YesBill LeClair YesDarla LeClair YesTim Petri YesBonnie Shimulunas YesScott Stechmesser YesAdam Wachowski Yes -
passed 8-0 City Council · Sep 2, 2025 25-172 Resolution Authorizing The Issuance And Sale Of Up To $352,978 Water System Revenue Bonds, Series 2025A, And Providing For Other Details And Covenants With Respect Thereto
Motion to waive reading and adopt the resolution
Adam Wachowski YesDarla LeClair YesMark Bittner YesShannon Derby YesBill LeClair YesDoug Brandt YesTim Petri YesScott Stechmesser Yes -
passed 8-0 City Council · Sep 2, 2025 25-173 Resolution Authorizing The Issuance And Sale Of Up To $1,038,658 Water System Revenue Bonds, Series 2025B, And Providing For Other Details And Covenants With Respect Thereto
Motion to waive reading and adopt the resolution
Darla LeClair YesMark Bittner YesShannon Derby YesBill LeClair YesDoug Brandt YesTim Petri YesScott Stechmesser YesAdam Wachowski Yes
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City Council adopted a resolution authorizing issuance and sale of up to $352,978 in water system revenue bonds (Series 2025A).
City Council -
The water system revenue bond authorization (Series 2025A) passed 8-0.
City Council -
City Council adopted a resolution authorizing issuance and sale of up to $1,038,658 in water system revenue bonds (Series 2025B).
City Council -
The water system revenue bond authorization (Series 2025B) passed 8-0.
City Council -
City Council discussed an alternative financing concept for the Neshotah Beach building presented by a Room Tax Commission representative and a private investor tied to the Cobblestone Hotel, combining room tax dollars with event-space revenue, donations, and borrowing.
City Council Work Session -
Council members raised concerns that if projected revenues do not materialize, the city would still be responsible for making payments.
City Council Work Session -
Staff characterized the Neshotah Beach financing approach as a potential “test case.”
City Council Work Session -
City Council approved issuing up to $1,835,579 in sewerage system revenue bonds (Series 2026) through the Wisconsin Clean Water Fund at a stated 2.475% interest rate.
City Council -
The sewer borrowing resolution (Series 2026) passed 8-0.
City Council -
Bond proceeds were described as funding sanitary sewer replacements on Harbor, 16th, and Emmet; lead service sanitary laterals; and pipe-lining in various locations.
City Council -
Agenda materials described the sewer borrowing as payable solely from sewer system revenues, issued on a parity basis with existing sewer revenue bonds, and not general obligation debt of the City.
City Council