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File #: 980839    Version: 0
Type: Resolution Status: Placed On File
File created: 9/23/1998 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 12/18/1998
Effective date:    
Title: Resolution amending Common Council File No. 971740 relating to corporate purpose bonds. (City Attorney)
Sponsors: THE CHAIR
Indexes: GENERAL OBLIGATION BONDS, OFF STREET PARKING, PARKING, PARKING LOTS
NUMB:
980839
VERS:
ORIGINAL
REF:
971740
XXBY:
THE CHAIR
TITL:
Resolution amending Common Council File No. 971740 relating to corporate purpose bonds. (City Attorney)
ANLS:
Analysis
 
This resolution amends the City's 1998 corporate purpose resolution to include an additional initial resolution, Common Council Resolution File No. 980371.
BODY:
Whereas, Common Council Resolution File No. 971740, being a resolution authorizing the Commissioner of Public Debt to market General Obligation "Corporate Purpose Bonds" pursuant to provisions of Chapter 67 was adopted by the Common Council on March 31, 1998 and signed by the Mayor on March 9, 1998; and
 
Whereas, The Common Council is desirous of amending such "corporate purpose" resolution by adding an additional initial resolution adopted by the Common Council after the adoption of Common Council Resolution File No. 971740 for the inclusion under the "corporate purpose" resolution; now, therefore be it
 
Resolved, By the Common Council of the City of Milwaukee that Common Council Resolution File No. 971740 is amended by adding the underlying initial resolution as set forth herein and in the amounts shown;
 
Initial Resolution Maximum File No. and Resolution      Bonds to Purpose Adoption Date      Amount      Be Sold
 
For parking lots or 980371 other parking facilities 3/3/98 $4,500,000      $4,500,000
 
and be it
 
Further Resolved, By the Common Council of the City of Milwaukee that in accordance with sec. 67.05(13 and the amendment herein, the Commissioners of the Public Debt are authorized and requested to issue and sell General Obligation "Corporate Purpose Bonds" in the aggregate amount of $223,199,721 for each of the Corporate Purposes specified herein and in Common Council Resolution File No. 971740 and that in all other respects, Common Council Resolution File No. 971740 remains in full force and effect.
ZDPT:
Comptroller
DFTR:
City Attorney
#12099/TEH:kef corp.purp.4,500,000
Date:7/13/98