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File #: 231251    Version: 0
Type: Resolution Status: Passed
File created: 12/12/2023 In control: COMMON COUNCIL
On agenda: Final action: 1/17/2024
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables.
Sponsors: THE CHAIR
Indexes: GENERAL OBLIGATION BONDS, GRANTS
Attachments: 1. Comptroller Letter 2024 Borrowing , 2. Fiscal Impact Statement

Number

231251

Version

ORIGINAL

Reference

 

Sponsor

THE CHAIR

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables.

Analysis

Resolution authorizes the issuance and sale of general obligation bonds for grants and financing receivables, in the amount of $37,000,000.

Body

Whereas, the 2024 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee that it hereby authorizes and declares its purpose to sell and issue general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables.

 

Requestor

Comptroller

 

Drafter

Joshua Benson

12/1/2023

 

PD-8664pW.rtf