Representatives of Menasha, Wis., and holders of $23 million of defaulted steam-plant bond anticipation revenue notes failed to reach an agreement during a mediation session earlier this month but will try again in September, officials said.

The city last September defaulted on the notes that include $12 million sold in 2005 to convert Menasha Utilities’ power plant to coal-fired steam operations and $11 million issued in 2006 to cover the project’s growing costs. The city’s appropriation pledge backed up the revenue pledge that repays the notes. The plant was shuttered in October.

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