City of Milwaukee - File #: 251401

• File #: 251401
• Version: 1
• Type: Resolution
• Status: In Committee
• File created: 12/16/2025
• In control: FINANCE & PERSONNEL COMMITTEE
• Title: Substitute resolution authorizing the issuance of general obligation promissory notes in one or more series.
• Sponsors: THE CHAIR

Date	Ver.	Action By	Action	Result	Tally
1/7/2026	1	CITY CLERK	DRAFT SUBMITTED
12/16/2025	0	COMMON COUNCIL	ASSIGNED TO

Number
251401

Version
Substitute 1

Reference
180864, 210940, 221095

Sponsor
The Chair

Title
Substitute resolution authorizing the issuance of general obligation promissory notes in one or more series.

Sections
Analysis
This resolution authorizes the issuance by the City of Milwaukee (the “City”) of its general obligation promissory notes, in one or more series, in the aggregate principal amount of not to exceed $1,223,765,928.98 (collectively, the “Notes”).

Body
Whereas, general obligation bonds and notes have been authorized in the 2021, 2022, 2023, 2024, 2025 and 2026 municipal budgets; and

Whereas, resolutions 180864, 210940, and 221095 authorize up to $200,000,000, and $200,000,000, respectively, of Direct Loans outstanding from time to time (the “Direct Loan Notes”); and

Whereas, the City desires to provide permanent long-term financing of the Direct Loan Notes; and

Whereas, file 241320 authorizes the refunding of certain general obligation corporate purpose bonds in the amount of $189,065,000 (the “Outstanding Bonds”), and the City desires to permit refunding of the Outstanding Bonds with the Notes; and

Whereas, in accordance with section 67.12(12) of the Wisconsin Statutes, the City desires to issue the Notes, in one or more series, up to the aggregate principal amount of $1,223,765,928.98 for each of the public purposes and in the amounts shown on Exhibit A, which includes $189,065,000 for the refunding of Outstanding Bonds (collectively, the “Project”); and

Whereas, the purposes for which Direct Loan Notes authorized by Resolution File Numbers 180864, 210940, and 221095 may be issued shall include the purposes as described in Exhibit A attached to this resolution, as may be amended and supplemented from time to time; and

Whereas, the Commissioners of the City’s Public Debt Commission (the “PDC”) are authorized and directed by the City to effectuate the issuance, and determine and approve the final terms of, debt obligations of t...