City of Milwaukee - File #: 981481

• File #: 981481
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 1/19/1999
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 2/9/1999
• Title: Substitute resolution approving Official Statement issued in conjunction with the sale of City of Milwaukee, Wisconsin, General Obligation Short-Term Promissory Notes, Series A9 and City of Milwaukee Short-Term Promissory Notes, Series of 1999-A (Borrowing in Anticipation of the Receipt of State Shared Revenues).
• Sponsors: THE CHAIR
• Indexes: BUDGET, MUNICIPAL BORROWING, PROMISSORY NOTES

Date	Ver.	Action By	Action	Result	Tally
2/18/1999	1	MAYOR	SIGNED
2/9/1999	1	COMMON COUNCIL	ADOPTED	Pass	16:0
2/3/1999	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
1/26/1999	1	CITY CLERK	DRAFT SUBMITTED
1/25/1999	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
1/20/1999	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
1/19/1999	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
981481
VERS:
SUBSTITUTE 1
REF:

XXBY:
FINANCE AND PERSONNEL COMMITTEE
TITL:
Substitute resolution approving Official Statement issued in conjunction with the sale of City of Milwaukee, Wisconsin, General Obligation Short-Term Promissory Notes, Series A9 and City of Milwaukee Short-Term Promissory Notes, Series of 1999-A (Borrowing in Anticipation of the Receipt of State Shared Revenues).

ANLS:

-Analysis-

This resolution calls for the approval by the Common Council of the City of Milwaukee of the Official Statement issued in conjunction with the sale of General Obligation Short-Term Promissory Notes, Series A9 and City of Milwaukee Short-Term Promissory Notes, Series of 1999-A (Borrowing in Anticipation of the Receipt of State Shared Revenues) scheduled for sale on February 16, 1999.

BODY:
Whereas, The City Comptroller on February 4, 1999 issued an Official Statement for the purpose of providing comprehensive financial and economic information respecting the City of Milwaukee as an aid to bidding on February 16, 1999, for City of Milwaukee, Wisconsin, General Obligation Short-Term Promissory Notes, Series A9 and City of Milwaukee Short-Term Promissory Notes, Series of 1999-A (Borrowing in Anticipation of the Receipt of State Shared Revenues); 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 two note issues, the City will deliver its certificate signed by its Comptroller stating that the description and statements, including financial statements, as pertaining to the City contained in the Official Statement as of its date and the date of sale and delivery of the two note issues, were and are true and correct in all material respects and do not contain an untrue statement of a material f...