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
42°
H 42° L 38°
Partly Cloudy | 13MPH

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

» Dump truck driver seriously injured in restaurant crash 02:03 PM

» Village of Greendale now accepting applicants for trustee vacancy 4/22

» Department of Transportation begins 27th Street reconstruction 4/21

» Woman hurt in strong arm robbery at Franklin Wal-Mart 4/21

» Franklin bowling center, banquet hall to reopen with new owner 4/21

» Motorcyclist killed on Canal St. is identified 4/20

» Oak Creek-Franklin School District reschedules enrollment boundary meeting 4/20

» Gallery Night to showcase Greendale's student artwork 4/20

» 'My Kidneys' 5K event in Greendale to promote kidney health 4/20

» Police chase in Cudahy ends in driver's arrest in Milwaukee 4/19

» YEA! Greendale school program to recruit business-minded students 4/16

» Oak Creek High School receives special grant to begin home construction class next year 4/15

» Oak Creek-Franklin School District discusses new enrollment boundaries 4/14

» Salvation Army in Oak Creek to host human trafficking awareness event 4/14

» Pat McCurdy returns to Oak Creek for concert fundraiser 4/14

» Franklin buildings housing expanding Quad firms sell for $33 million 4/14

» Greendale Veterans Memorial Committee to welcome back flags of support in ceremony 4/13

» Diamond Stone headlines 2014-15 All-Suburban Boys Basketball team 4/13

» Hales Corners Library hosts free drawing program for children 4/13

» Flood warning continues for areas of Franklin, Racine County 4/10

» Local sports complex receives 'Riders' Choice Award' 4/10

» Tornado watch in effect 4/9

» Greendale Village Board hires architect to begin fire station location, design 4/9

» Greendale's annual 'Celebration of Education' to honor community members, students 4/8

» 2015 Milwaukee suburbs election roundup Updated:  4/8

View All Posts Got a tip? Welcome rss

Advertisement

Advertisement

Local Business Directory

CONNECT