City of Milwaukee - File #: 991676

• File #: 991676
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/8/2000
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 2/29/2000
• Title: Resolution authorizing the issuance of short-term general obligation notes for a public purpose, to-wit: funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for Kinnickinnic Avenue between Becher and Morgan. (Comptroller)
• Sponsors: ALD. BREIER
• Indexes: MUNICIPAL BORROWING, PROMISSORY NOTES, PUBLIC IMPROVEMENTS, STREET LIGHTING, WISCONSIN DEPARTMENT OF TRANSPORTATION

Date	Ver.	Action By	Action	Result	Tally
3/9/2000	0	MAYOR	SIGNED
2/29/2000	0	COMMON COUNCIL	ADOPTED	Pass	17:0
2/23/2000	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
2/15/2000	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/14/2000	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/8/2000	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/8/2000	0	COMMON COUNCIL	ASSIGNED TO

NUMB:
991676
VERS:
ORIGINAL
REF:

XXBY:
THE CHAIR
TITL:
Resolution authorizing the issuance of short-term general obligation notes for a public purpose, to-wit: funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for Kinnickinnic Avenue between Becher and Morgan. (Comptroller)
ANLS:
This resolution authorizes the issuance of short-term general obligation notes under sec. 67.12(12), Stats., for a public purpose, to-wit: funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for Kinnickinnic Avenue between Becher and Morgan in the total amount of $1,231,650 of which 80% ($985,320) is grantor funding and 20% ($246,330 is City borrowed grantee funding.
BODY:
Whereas, The 2000 budget of the City of Milwaukee authorizes general obligation short-term borrowing under § 67.12(12) for a public purpose, to-wit: paying the City's share of the costs under Grant and Aid Projects; and

Whereas, The City of Milwaukee is desirous of issuing and selling short-term promissory notes for the purpose of paying its share of the Grant and Aid Project for a public purpose, to-wit: provide the City's "match" for the funding of a Wisconsin Department of Transportation streetscape enhancement grant for Kinnickinnic Avenue between Becher and Morgan in the total amount of $1,231,650 of which 80% ($985,320) is grantor funding and 20% ($246,330) is City borrowed grantee funding; now, therefore, be it

Resolved By the Common Council of the City of Milwaukee that it hereby and herewith authorizes and declares its purpose to issue general obligation short-term promissory notes pursuant to the provisions of sec. 67.12(12), Stats., in the amount of $246,330 for the purpose of a public purpose, to wit: provide the City's "match" for the funding of a Wisconsin Department of Transportation streetscape enhancement grant for public improvements; and, be it

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