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File #: 140034    Version: 0
Type: Resolution Status: Passed
File created: 4/22/2014 In control: COMMON COUNCIL
On agenda: Final action: 5/13/2014
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $16,000,000 for any combination of sewage, garbage or refuse or rubbish disposal.
Sponsors: THE CHAIR
Indexes: GENERAL OBLIGATION BONDS, REFUSE DISPOSAL
Attachments: 1. Comptroller Letter, 2. Fiscal Impact Statement, 3. Hearing Notice List, 4. Notice Published on 5-27-14
Number
140034
Version
ORIGINAL
 
Reference
 
Sponsor
THE CHAIR
 
Title
Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $16,000,000 for any combination of sewage, garbage or refuse or rubbish disposal.
 
Analysis
Resolution authorizes the issuance and sale of general obligation bonds for any combination of sewage, garbage or refuse or rubbish disposal, in the amount of $16,000,000.
 
Body
Whereas, File 131792 authorized $16,000,000 of contingent borrowing for rubbish or refuse disposal purposes; and
 
Whereas, The City desires to sell the debt as general obligation bonds; now, therefore, be it
 
Resolved, By the Common Council of the City of Milwaukee that it hereby authorizes and declares its purpose to sell and issue general obligation bonds in the aggregate amount of $16,000,000 for any combination of sewage, garbage or refuse or rubbish disposal.
 
Requestor
Comptroller
 
Drafter
RSL
 
PD-8094bW.rtf