City of Milwaukee - File #: 011512

• File #: 011512
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/12/2002
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 3/5/2002
• Title: Resolution authorizing the issuance of short-term general obligation notes for funding the City's matching share of a United States National Park Service related grant under the Urban Parks and Recreation Recovery (UPARR) grant program for rehabilitating various playground related areas on Green Bay Avenue, near Reservoir Park and 16th & Hopkins. (City Comptroller)
• Sponsors: THE CHAIR
• Indexes: FEDERAL GRANTS, GENERAL OBLIGATION BONDS, PLAYGROUNDS

Date	Ver.	Action By	Action	Result	Tally
3/14/2002	0	MAYOR	SIGNED
3/5/2002	0	COMMON COUNCIL	ADOPTED	Pass	14:0
2/27/2002	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
2/19/2002	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/19/2002	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/13/2002		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/12/2002	0	COMMON COUNCIL	ASSIGNED TO

Number
011512
Version
ORIGINAL
Reference

Sponsor
THE CHAIR

Title
Resolution authorizing the issuance of short-term general obligation notes for funding the City's matching share of a United States National Park Service related grant under the Urban Parks and Recreation Recovery (UPARR) grant program for rehabilitating various playground related areas on Green Bay Avenue, near Reservoir Park and 16th & Hopkins. (City Comptroller)

Analysis
Resolution authorizing the issuance of short-term general obligation notes under s. 67.12(12), Stats., funding the City's matching share of a United States National Park Service related grant under the Urban Parks and Recreation Recovery (UPARR) grant program for rehabilitating various playground related areas on Green Bay Avenue, near Reservoir Park and 16th & Hopkins. The grant is in a total amount of $233,700 of which 70% ($163,590) would be Grantor funding and 30% ($70,110) would be City borrowed Grantee funding.

Body
Whereas, The 2001 budget of the City of Milwaukee authorizes general obligation short-term borrowing under § 67.12(12) for paying the City's share of the costs under Grant and Aid Projects; and

Whereas, The City of Milwaukee is desirous of issuing and selling short-term promissory notes for the purpose of paying its share of the Grant and Aid Project for providing the City's "match" for the funding of a United States National Park Service related grant under the Urban Parks and Recreation Recovery (UPARR) grant program for rehabilitating various playground related areas on Green Bay Avenue, near Reservoir Park and 16th & Hopkins. The grant is in a total amount of $233,700 of which 70% ($163,590) would be Grantor funding and 30% ($70,110) would be City borrowed Grantee funding; 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 short-term promissory notes pu...