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File #: 031274    Version: 0
Type: Resolution Status: Passed
File created: 12/19/2003 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 1/21/2004
Effective date:    
Title: Resolution authorizing and providing for the sale by the City of Milwaukee, Wisconsin, of a series of Sewerage System Revenue Bonds, Series 2004. (Comptroller)
Sponsors: THE CHAIR
Indexes: REVENUE BONDS, SEWER IMPROVEMENTS, SEWERS
Attachments: 1. Comptroller's Cover Letter.pdf, 2. Fiscal Note.pdf, 3. Revised Comptroller Letter.pdf, 4. Budget Reply.PDF, 5. Fiscal Review Analysis.pdf
Number
031274
Version
ORIGINAL

Reference

Sponsor
THE CHAIR

Title
Resolution authorizing and providing for the sale by the City of Milwaukee, Wisconsin, of a series of Sewerage System Revenue Bonds, Series 2004. (Comptroller)

Analysis
This resolution authorizes and provides for the sale by the City a series of Sewerage System Revenue Bonds, Series 2004, in the principal amount not to exceed $13,703,500 for financing the costs of improvements to the City's Sewerage System; prescribing certain details of such bonds; and certain other matters related thereto.

Body
Whereas, In interpreting the terms of this resolution, all terms which are defined in Section 1.01 of the Resolution shall have the same meanings, respectively, in this Series Resolution as such terms are given in said Section 1.01 of the Resolution. Resolution means Common Council Resolution File No. 991863 adopted by the Common Council on August 2, 2001. In addition, as used in this Series Resolution, unless the context shall otherwise require, the following terms shall have the following respective meanings: "Bonds" means the Sewerage System Revenue Bonds, Series 2004, pursuant to and subject to the terms, conditions and limitations established in the Resolution and this Series Resolution. "Series Resolution" means this resolution authorizing up to $13,703,500 aggregate principal amount of the Bonds. "Tax Certificate" means the Federal Tax Certificate executed by an Authorized Officer of the City in connection with the issuance of the Bonds; and

Whereas, The Resolution provides the authority (when utilized in conjunction with separate "Series" resolutions) for the issuance of Sewerage System Revenue Bonds to be payable from the revenues of the Sewerage System; and

Whereas, It is hereby found and determined that it is necessary and required that the City authorize and issue at this time a series of bonds to provide money for the improvement of any plant and equipmen...

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