Number
252227
Version
SUBSTITUTE 1
Reference
991863, 021776, 100863, 230413, 252228
Sponsor
THE CHAIR
Title
Substitute resolution authorizing the restructuring of paying agent, registrar, transfer agent, and depositary services for outstanding sewerage system revenue bonds.
Analysis
This resolution authorizes and provides for the restructuring of paying agent, registrar, transfer agent, and depositary services for the City’s outstanding sewerage system revenue bonds.
Body
Whereas, capitalized terms not otherwise defined in this resolution (the “Authorizing Resolution”) shall have the meanings set forth in Section 1.01 of the Bond Resolution for the City’s Sewerage System Revenue Bonds, which is Common Council Resolution File No. 991863 adopted by the Common Council on August 2, 2001, as amended by Resolution File No. 021776 adopted by the Common Council on April 15, 2003, by Resolution File No. 100863 adopted by the Common Council on November 23, 2010, by Resolution File No. 230413 adopted by the Common Council on July 31, 2023, and by Resolution File No. 252228 adopted by the Common Council on the date hereof (collectively, the “Master Resolution”); and
Whereas, the Master Resolution authorizes sewerage system revenue bonds to be issued thereunder by the City of Milwaukee, Wisconsin (the “City”) pursuant to a Series Resolution; and
Whereas, the City previously issued its $52,565,000 City of Milwaukee, Wisconsin Sewerage System Revenue Bonds, Series 2011 S1, dated June 9, 2011 (the “2011 Bonds”), which were redeemed in full on June 1, 2021; and
Whereas, the City previously issued its $37,000,000 City of Milwaukee, Wisconsin Sewerage System Revenue Bonds, Series 2013 S6, dated June 26, 2013 (the “2013 Bonds”), the 2026 and after maturities of which remain outstanding; and
Whereas, the City previously issued its $89,830,000 City of Milwaukee, Wisconsin Sewerage System Revenue Bonds, Series 2016 S7, dated August 25, 2016 (the “2016 Bonds”), the 2...
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