City of Milwaukee - File #: 981139

• File #: 981139
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/13/1998
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 11/24/1998
• Title: Substitute resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for a project undertaken for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $4,795,000. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BUDGET, GENERAL OBLIGATION BONDS, PUBLIC BUILDINGS, PUBLIC IMPROVEMENTS

Date	Ver.	Action By	Action	Result	Tally
11/24/1998	1	MAYOR	SIGNED
11/24/1998	1	COMMON COUNCIL	ADOPTED	Pass	16:0
11/18/1998	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
11/17/1998	1	CITY CLERK	DRAFT SUBMITTED
11/16/1998	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
11/16/1998	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
11/13/1998	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
981139
VERS:
SUBSTITUTE 1
REF:

XXBY:
THE CHAIR
TITL:
Substitute resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for a project undertaken for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $4,795,000. (Comptroller)
ANLS:
Analysis

This resolution authorizes the issuance and sale of general obligation short-term promissory notes in the amount of $4,795,000 for a project undertaken for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment.
BODY:
Whereas, The 1999 budget of the City of Milwaukee adopted by the Common Council authorizes general obligation short-term borrowing for a project undertaken for a public purpose, to-wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $4,795,000; and

Whereas, The Common Council of the City of Milwaukee is desirous of issuing and selling promissory notes for a project undertaken for a public purpose to wit; for financing public improvements for public buildings for housing machinery and equipment in the amount of $4,795,000; 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 $4,795,000 for a project undertaken 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 ...