By Paul Schmitt
In securing financing for their new streetscape project, the Village of Ephraim has received some good news. Village Administrator Brent Bristol says recent board meeting discussions focused on getting a competitive bond sale with a financial advisor and at the same time be re-rated. He says the village was upgraded to the third highest attainable rating provided by Standard & Poor’s.
Bristol says a bond sale was held last Wednesday in which the Village of Ephraim received an interest rate of just 3.19% that was a quarter-point lower than expected. That translates to $120,000 in savings in borrowing, according to Bristol. He credits the board, committee members and staff for doing their due diligence in saving taxpayers some money.