Finance Committee

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Calendar Date:
Tuesday, March 15, 2022 - 5:30pm

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Meeting Information

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  • Minutes
PDF icon finance_committee_agenda_03-15-2022.pdf (9 KB)

SAUK COUNTY BOARD OF SUPERVISORS

MEETING NOTICE/AGENDA

 

COMMITTEE:      FINANCE

DATE:                  Tuesday, March 15, 2022

TIME:                   5:30 p.m.

PLACE:                Room 213, West Square Building, 505 Broadway, Baraboo, WI  53913

REASON FOR MEETING:                            SPECIAL

SUBJECTS FOR DISCUSSION:

  1. Call to Order and Certify Compliance with Open Meeting Law.
  2. Adopt Agenda.
  3. Public Comment.
  4. Business Items.
    1. Consider Resolution Awarding the Sale of $45,000,000 General Obligation Highway Department Facility Bonds, Series 2022.
    2. Consider contract with Quarles & Brady LLP for bond counsel and disclosure counsel purposes.
  5. Adjournment.

 

COPIES TO:

Dorner                   Eberl                       Flint                        Krueger                  McCumber            Beghin                   Horkan                   Miller                      Geoghegan            Della                      

 

PREPARED BY:                                                                                 Accounting Department

 

Any person who has a qualifying disability that requires the meeting or materials at the meeting to be in an accessible location or format should contact Sauk County (608-355-3269 or TTY 608-355-3490) between the hours of 8:00 A.M. and 4:30 P.M., Monday through Friday, exclusive of legal holidays, at least 48 hours in advance of the meeting so that reasonable arrangements can be made to accommodate each request.

PDF icon finance_committee_minutes_03-15-2022.pdf (110 KB)

Sauk County Finance Committee

Thursday, March 15, 2022

Room 213, West Square Building, Baraboo

 

Members present: Tom Dorner, Lynn Eberl, Mike Flint, Marty Krueger and Tim McCumber

Others present:  Kerry Beghin, Brian Della, Pat Gavinski, Brent Miller, Brian Peper, Tim Reppen, Don Stevens

 

The meeting was called to order by Chairperson Krueger at 5:30 PM.  Certification of open meeting compliance was given.  Motion by Flint, second by Dorner to adopt the agenda.  Motion carried.

 

Public Comment:  None

 

Consider Resolution Awarding the Sale of $45,000,000 General Obligation Highway Department Facility Bonds, Series 2022.

Brian Della, Financial Analyst for PMA Securities, reviewed the process for issuing debt for the Highway facilities and recent volatile markets.  Today’s sale generated a winning average true interest cost of 2.93% from J.P. Morgan, the lowest interest rates of 4 bidders.  Motion by McCumber, second by Eberl to approve the Resolution Awarding the Sale of $45,000,000 General Obligation Highway Department Facility Bonds, Series 2022.  Motion carried.

 

Consider contract with Quarles & Brady LLP for bond counsel and disclosure counsel purposes.

Motion by McCumber, second by Eberl to approve the contract.  Motion carried.

 

Motion by Flint, second by Dorner to adjourn the meeting.  Motion carried.

 

Respectfully submitted,

Lynn Eberl

Finance Committee Secretary