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This Preliminary Official Statement provides information on the issuance of $2,085,000 General Obligation Promissory Notes by the City of Elkhorn, Wisconsin, detailing terms, purposes of the issuance, security provisions, and pertinent tax implications.
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Individuals or entities looking to issue bonds or securities.
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Government entities requiring formal documentation for public offering.
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Investors needing detailed information about bond offerings.
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A preliminary official statement (POS) is a document prepared by issuers of municipal securities that provides information about the securities being offered for sale. It serves as a disclosure document to potential investors before the final official statement is issued.
Issuers of municipal securities, such as state and local governments or agencies, are required to file a preliminary official statement when they plan to offer municipal securities for sale.
To fill out a preliminary official statement, issuers must include detailed information about the municipality, the purpose of the bond issue, the financial condition of the issuer, planned use of proceeds, and other relevant data that prospective investors need to make informed decisions.
The purpose of a preliminary official statement is to provide potential investors with essential information about the bond offering, including risks, terms, and the issuer's financial situation, allowing them to evaluate the investment opportunity.
Key information that must be reported includes the issuer's financial statements, the purpose of the bond issue, anticipated sources of repayment, risks associated with the investment, and any legal matters regarding the issuance.
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Relevant keywords

General Obligation Notes City of Elkhorn Bond Counsel Tax Exempt Securities Municipal Bonds Preliminary Official Statement State of Wisconsin Tax Incremental District Capital Improvement Projects SEC Rule 15c2-12

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