Wisconsin Dells Callable Feature Condo Vacation Rental

The Wisconsin Dells is a small resort City that has a presence in Columbia, Sauk, Adams and Juneau Counties. The callable feature designates a note can be paid off earlier than the date of maturity. The municipal authority has refinanced the General Obligatory Promissory Notes, Series 2009, dated April 1, 2009. 

This is a restructuring of debt.  The City recalls the unpaid notes, and issues refunding bonds.  These bonds use the same pledge for security and replace the original issue with a lower rate of interest.  The hope is that by issuing and refunding the bonds at a lower rate of interest, the City will save by paying less interest over the remaining term of issue.

This restructuring is recorded upon the Debt Service Schedule.  This record attaches the debt to a Direct Annual Irrepealable Tax Levy.  This special assessment tax levy is for properties in the City of Wisconsin Dells. 

The City Finance Committee is challenged to create opportunities within the community to help generate revenue from legally taxable property to meet the semi-annual interest payments due. 

Individual condo owners providing lodging for visitors as a vacation rental can collect the funds that will be necessary to meet their share of the special tax levy that will accompany the annual tax obligation.  Money paid to the condo owner for rent will help soften the annual tax expense. 

Home Care Path operates Condo Clean a service that sends an individual staff person post occupancy for light housekeeping, onsite laundry, and errands to stock the condo unit.  Condo Clean serves the greater Wisconsin Dells area. The 2016 rate is 25 dollars per hour.  With staff performing pre-scheduled tasks, the owner can book the rentals tighter, creating a greater occupancy, which translates to more profit. To contact Condo Clean simply call or text 608-432-4286.

Wisconsin  Dells is a unique resort community that benefits from individual condo owners who create lodging opportunities for visiting families. 

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This simple link facilitates immediate access to a trusted credit repair service
 https://homecarepath.sharepoint.com/Pages/PrestageStudyWisconsinCreditRepairNerds.aspx

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email: lkutzke.crn@gmail.com

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