City of Milwaukee - File #: 051282

• File #: 051282
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 1/18/2006
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 2/28/2006
• Title: Resolution approving the form of the Preliminary Official Statement used in connection with the sale of City of Milwaukee, Wisconsin, debt. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BONDS, GOVERNMENT, DEBTS, PUBLIC

Date	Ver.	Action By	Action	Result	Tally
3/8/2006	0	MAYOR	SIGNED
2/28/2006	0	COMMON COUNCIL	ADOPTED	Pass	15:0
2/23/2006	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	3:0
2/13/2006	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/19/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
1/18/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
051282

Version
Original

Sponsor
THE CHAIR

Title
Resolution approving the form of the Preliminary Official Statement used in connection with the sale of City of Milwaukee, Wisconsin, debt. (Comptroller)

Analysis
This resolution calls for the approval by the Common Council of the City of Milwaukee of the form of the Preliminary Official Statement used in connection with the sale of City of Milwaukee, Wisconsin, debt.
Body
Whereas, The City Comptroller has prepared a Preliminary Official Statement (the form of which is attached hereto), and will prepare an Official Statement, for the purpose of providing comprehensive financial and economic information respecting the City of Milwaukee in connection with the sale of the City of Milwaukee, Wisconsin, General Obligation Bonds, Notes, and/or Revenue Anticipation Notes (“RANs”) (individually, an “Offered Obligation”, and collectively, the “Offered Obligations”); and
Whereas, Financial and economic information has been compiled by the Office of the Comptroller from its annual financial report, property tax records maintained by the Assessor's Office and from other books and records of the City; and
Whereas, Concurrently with the delivery of the Offered Obligations, the City will deliver its certificates signed by its Comptroller stating that the descriptions and statements, including financial statements, as pertaining to the City contained in the Official Statements as of their dates and the date of sale and delivery of each Offered Obligation, were and are true and correct in all material respects and do not contain an untrue statement of a material fact or omit to state a material fact required to be included therein or necessary to make the statements contained therein in the light of circumstances in which they were made not misleading; and
Whereas, Such certificates will further confirm to the effect that insofar as the descriptions and statements including financial data, contained in the Offi...