City of Madison, Wisconsin
General Obligation Promissory Notes
Series 2018-D (Community Bonds)

City Of Madison Wisconsin

Support the City of Madison through investment in community bonds! Your investment will support the expansion of Olbrich Botanical Gardens to meet the growing needs of the community. Funds will go toward a new learning center and a bigger, environmentally-friendly greenhouse. Community bonds will be sold in $500 denominations, making it more accessible.


Issuance characteristics
  • Not callable
  • Federally tax exempt
  • General Obligation
  • Negotiated sale

About this bond issuance

  • Purpose

    Purpose The proceeds from these community bonds will be used to support the expansion of the Olbrich Botanical Gardens. The new educational space will welcome learners of all ages, interests, abilities, and backgrounds, and an energy efficient greenhouse will grow even more flowers and plants for the gardens.

    The City will be holding two informational sessions to allow residents to ask questions about the new program.

    Tuesday, Sept. 25 at 6:00 pm

    Olbrich Botanical Gardens

    3330 Atwood Ave.Madison, WI 53704

    Wednesday, Oct. 3 at 6:00 pm

    Warner Park Community Recreation Center

    1625 Northport Dr.Madison, WI 53704

  • Obligor

    City of Madison, Wisconsin

  • Issuer

    City of Madison, Wisconsin

  • Authority

    The Notes are being issued pursuant to Wisconsin Statutes, Section 67.12(12) and a resolution adopted by the Common Council on August 7, 2018.

  • Security

    The Notes are general Notes of the City for which it pledges its full faith and credit and unlimited power to levy direct general ad valorem taxes without limit as to rate or amount.  The City will make its first levy in the fall of 2018 for collection in 2019.  Each year's levy collections will be sufficient to pay the interest due April 1 and the principal and interest due October 1 in the year of collection.

  • Trustee

    U.S. Bank National Association

  • Special attributes

    The City will not designate the Notes as "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.

  • Sale conditions

    Community bonds are exempt from federal taxes only. Under state law, interest on community bonds is not exempt from state taxation.

    For orders over $100,000, the amount above $100,000 is subject to pro-rata allocation if the issue is oversubscribed. Pro rata allocations may be adjusted to ensure that no bonds are issued in an amount that is not divisible by the minimum denomination of $500.

  • Ratings

    Moody’s Investors Service has rated the bonds AAA (with a negative outlook).

About the issuer

Contact information

Ratings

Ratings

S&P

AAA

Moody's

Fitch

Financing team

Neighborly Securities
Neighborly is the lead manager on this issuance.
Underwriters
Municipal Advisors
Bond Counsel
Paying Agent