Waupun Approves Sale Of General Obligation Bonds

8/30/17 – The Waupun Common Council authorized the sale of $2-million dollars in general obligation bonds at their meeting last night. Around five months ago the city acquired 43 acres of land along Highway 151 and created a TIF district on the property to help pay for infrastructure improvements. City Administrator Kathy Schlieve says bonds from the TIF will aid in developing a travel plaza – featuring Eden Meats – on the property. She says the developments from the site will help payback the amount borrowed. A sale will be held in September with businesses and competing organizations bidding on the $2-million dollars. The life of the TIF and the amount of time to payback the borrowed funds was set at 19 years.