Number
011216
Version
ORIGINAL
Reference
001148
Sponsor
THE CHAIR
Title
Resolution relating to issuance and sale of general obligation bonds in the amount of $14,500,000 for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s. 66.045. (Comptroller)
Analysis
Resolution authorizing the issuance and sale of general obligation bonds in accordance with s. 67.04, Stats., for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s. 66.045 in the amount of $14,500,000.
Body
Whereas, The 2002 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the amount of $14,500,000 for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s. 66.045, 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 and sell general obligation bonds in the amount of $14,500,000 for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s. 66.045.
Requestor
Comptroller
Drafter
City Attorney
TEH:kef
11/27/01 47629
1035-2001-3411