City of Milwaukee - File #: 991329

• File #: 991329
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 11/29/1999
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 12/17/1999
• Title: Resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $3,000,000. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BUDGET, GENERAL OBLIGATION BONDS, PUBLIC BUILDINGS, PUBLIC IMPROVEMENTS

Date	Ver.	Action By	Action	Result	Tally
12/29/1999	0	MAYOR	SIGNED
12/17/1999	0	COMMON COUNCIL	ADOPTED	Pass	17:0
12/15/1999	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
12/6/1999	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
11/30/1999	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
11/29/1999	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
991329
VERS:
ORIGINAL
REF:
981139
XXBY:
THE CHAIR
TITL:
Resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $3,000,000. (Comptroller)
ANLS:
This resolution authorizes the issuance and sale of general obligation short-term promissory notes in the amount of $3,000,000 for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment.
BODY:
Whereas, The 2000 budget of the City of Milwaukee adopted by the Common Council authorizes general obligation short-term borrowing for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $3,000,000; and

Whereas, The Common Council of the City of Milwaukee is desirous of issuing and selling promissory notes for a public purpose to wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $3,000,000; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that it hereby and herewith authorizes and declares its purpose to issue general obligation bonds short-term promissory notes in the amount of $3,000,000 for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment; and, be it

Further Resolved, That said promissory notes be sold by the Commissioners of the Public Debt at a private sale; or public competitive sale; or to the Public Debt Amortization Fund for the purpose of investment; or to the Public Debt Amortization Fund for immediate cancellation; and, be it

Further Resolved, That said promissory notes shall be payable periodically as determined by the Commissioners of the Public Debt within a period not to ex...