City of Milwaukee - File #: 011219

• File #: 011219
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/21/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 1/22/2002
• Title: Resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for public buildings for housing machinery and equipment in the amount of $10,174,945. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BUDGET, GENERAL OBLIGATION BONDS, MUNICIPAL BORROWING, PROMISSORY NOTES, PUBLIC BUILDINGS, PUBLIC IMPROVEMENTS

Date	Ver.	Action By	Action	Result	Tally
2/4/2002	0	CITY CLERK	PUBLISHED
1/31/2002	0	MAYOR	SIGNED
1/22/2002	0	COMMON COUNCIL	ADOPTED	Pass	16:0
1/16/2002	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
1/8/2002	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/8/2002	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/2/2002		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
12/21/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
011219
Version
ORIGINAL
Reference
001603
Sponsor
THE CHAIR
Title
Resolution authorizing the issuance and sale of general obligation short-term promissory notes under sec. 67.12(12), Stats., for public buildings for housing machinery and equipment in the amount of $10,174,945. (Comptroller)
Analysis
This resolution authorizes the issuance and sale of general obligation short-term promissory notes in the amount of $10,174,945 for public buildings for housing machinery and equipment.
Body
Whereas, The 2002 budget of the City of Milwaukee adopted by the Common Council authorizes short-term borrowing for public buildings for housing machinery and equipment in the amount of $10,174,945; and

Whereas, The Common Council is desirous of issuing and selling promissory notes for financing general City purposes for anticipated delinquent taxes; 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 in the amount of $10,174,945 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 Resolved, That said promissory notes shall be payable periodically as determined by the Commissioners of the Public Debt within a period not to exceed ten years from the date of the issuance of said notes; and, be it

Further Resolved, That the general obligation short-term promissory notes herein authorized shall be sold by the Commissioners of the Public Debt at such times as the Commissioners shall determine to be prudent and appropriate; and, be it

Further Resolved, That the Commissioners of the Publi...