Wisconsin Dells Processes Elevate Risk on Lender Assessment

Start ups and growing business modals need access to capital - the ability to borrow money.  Please remember Municipal processes informed through policy are neither good or bad- but rather create outcomes that allow us to determine if the desired result is being achieved.

Lenders preform in depth risk assessments with business loan applications.  As the calculation of risk goes up the amount of money available to borrow goes down.  Risk assessments capture unsecure expenses diminishing the borrowers ability to repay the loan.

- creation of unsound ordinances that are not aligned with Federal and State legislation

- compliance officer that delivers financial penalties to business operators

- requiring attendance with committees that depend upon hearing fees to operate

These are known costs of conducting business in the City of Wisconsin Dells that elevate risk on the lenders in depth assessment tool.  Business modals being unable to borrow money through traditional means like a bank - will turn to funding sources like the City of Wisconsin Dells.

The City of Wisconsin Dells recently wrote a loan contract of 100 thousand dollars for the purchase of the land and improvements on 321 Broadway Wisconsin Dells.
The Wisconsin Dells Realty listed the land and improvements for sale at a market price of 299, 900.00.  The Bank of Wisconsin Dells participated in the financing and will be the primary lender with the City of Wisconsin Dells following secondary in the prioritized placement for lien reimbursement.  This non-traditional practice is unsustainable. 

The City of Wisconsin Dells lacks the risk reserve resources to write loans that will regain the commercial districts capacity to re-create the delivery of goods and services needed to assure a desired level of commerce.

Please vote Louis Kutzke for Mayor of the City of Wisconsin Dells on February 20th in the primary election and then again on April 3rd in the general election.