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File #: 971431    Version: 0
Type: Resolution Status: Passed
File created: 12/16/1997 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 1/20/1998
Effective date:    
Title: Resolution relating to the issuance and sale of general obligation bonds in the amount of $4,122,743 for a project undertaken for a public purpose, to-wit: for financing public improvements in anticipation of special assessments levied against property. (Comptroller)
Sponsors: THE CHAIR
Indexes: BUDGET, GENERAL OBLIGATION BONDS, SPECIAL ASSESSMENTS
NUMB:
971431
VERS:
ORIGINAL
REF:
 
XXBY:
THE CHAIR
TITL:
Resolution relating to the issuance and sale of general obligation bonds in the amount of $4,122,743 for a project undertaken for a public purpose, to-wit: for financing public improvements in anticipation of special assessments levied against property. (Comptroller)
ANLS:
_____________________________________________
 
-Analysis-
 
This resolution authorizes the issuance and sale of general obligation bonds in accordance with sec. 67.04, Stats., for a project undertaken for a public purpose, to-wit: for financing public improvements in anticipation of special assessments levied against property, in the amount of $4,122,743. _____________________________________________
BODY:
Whereas, The 1998 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the amount of $4,122,743 for a project undertaken for a public purpose, to-wit: for financing public improvements in anticipation of special assessments levied against property; 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 $4,122,743 for a project undertaken for a public purpose, to-wit: for financing public improvements in anticipation of special assessments levied against property.
ZDPT:
Comptroller
DFTR:
City Atty.
TEH:kef\resoluti\assess
11/24/97