NOW:53110:USA00949
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA00949
77°
H 77° L 66°
Partly Cloudy | 7MPH

Update on City of Cudahy Bond Ratings and City Borrowing for improvements.

April 4, 2014


Press Release:
Update on City of Cudahy Bond Ratings and City Borrowing for improvements.

On the evening of Wednesday April 2, 2014, the Common Council approved the final sale and resolutions of 2014 General Obligation Promissory Notes and General Obligation Street Improvement Bonds. This sale and approval, allows the City to move forward on a plan to provide infrastructure, equipment and capital improvements in the City of Cudahy. These efforts are part of an overall financial plan updating providing for various road improvements, sewer improvements, infrastructure improvements, building improvements, and equipment for the city.
Moody’s Investors Service and Standard & Poor’s agencies provided a financial review of the city and the impending borrows. Standard and Poor’s provided an AA-/stable rating for the City of Cudahy, an A+ / stable rating for the Cudahy Water & Sewer Utility, an AA- / stable rating for the Cudahy Storm Water Utility. Moody’s Investor Service also provided a rating for the City of Cudahy at an Aa3 rating.
“I am very pleased with the ratings provided by these agencies and with the sales on April 2nd,” stated Mayor John Hohenfeldt. “These strong ratings reflect the strong city finances and prudent financial management by the City of Cudahy. My administration and the Common Council collectively will continue to invest in the aging infrastructure of our community in a prudent manner.” The second phase of this process for the sale and approval of Water and Sewer System Revenue Bonds and the sale of Storm Water System Revenue Bonds will be considered at the April 15, 2014 Common Council meeting.

Mayor John Hohenfeldt
City of Cudahy
04/03/2014

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Suburban News Roundup

E-mail Newsletter

Your link to the biggest stories in the suburbs delivered Thursday mornings.


Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter
Get the Newsletter!

Login or Register to manage all your newsletter preferences.

Community Watch

» Franklin to accept bids for new water, sewer facility 8/19

» Chick-fil-A celebrates National Lemonade Day with free samples in Brookfield, Greendale 8/19

» YoFresh Yogurt Cafe to open in Hales Corners 8/19

» Dennis Dietscher of Hales Corners charged with accepting bribes 8/19

» VIDEO: Whitnall distributes nearly 1,400 iPads across district 8/19

» Greendale School Board OKs schools for general election 8/18

» Motorcyclist killed after crashing into parked SUV in St. Francis 8/15

» Roadrunner Transportation to acquire Michigan logistics firm Updated:  8/11

» Whitefish Bay latest to enact sex offender residency rules 8/7

» Oak Creek road rage leads to rollover 8/6

» Events mark anniversary of Sikh Temple shooting 8/2

» Sikh Temple shooting first-responding officers to receive Congressional Badge of Bravery 8/1

» New website launched for airport business park 7/31

» Special Sikh Temple anniversary program to air Monday on MPTV 7/30

» Video: How to navigate construction surrounding the 2014 Wisconsin State Fair 7/30

» Whitnall High School names new assistant principal 7/30

» Top 10 things to see and do at the Wisconsin State Fair 7/29

» Fast start leads Homestead baseball team into state finals with 7-5 win 7/25

» DJ's Court Tourney held Saturday 7/24

» BMX, skateboarding competition canceled Saturday in Oak Creek 7/23

» Oak Creek baseball team rallies big 7/19

» Search of phone leads police to suspects in South Milwaukee gun thefts 7/17

» South Milwaukee registers sewage overflow into Lake Michigan tributary 7/15

» City delays decision on $1.2 million claim involving detective 7/14

» Tesla settles lemon lawsuit, agrees to pay Franklin man $127,000 Updated:  7/14

View All Posts Got a tip? Welcome rss
Deal Watch - Milwaukee

Milwaukee's Best Discounts & Deals

Local Business Directory

CONNECT