City of Milwaukee - File #: 001841

• File #: 001841
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 4/10/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 5/8/2001
• Title: Resolution authorizing the issuance of short-term general obligation notes for funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for West Capitol Drive from West Atkinson Avenue to North 27th Street; West Atkinson Avenue from 19th Street north to North Teutonia Avenue; and from North Teutonia Avenue from West Melvina Street north to West Atkinson Avenue. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: GENERAL OBLIGATION BONDS, MUNICIPAL BORROWING, PROMISSORY NOTES, STREET IMPROVEMENTS, WISCONSIN DEPARTMENT OF TRANSPORTATION

Date	Ver.	Action By	Action	Result	Tally
5/17/2001	0	MAYOR	SIGNED
5/8/2001	0	COMMON COUNCIL	ADOPTED	Pass	17:0
5/2/2001	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
4/20/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
4/19/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
4/11/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
4/10/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
001841
Version
ORIGINAL
Reference

Sponsor
THE CHAIR

Title
Resolution authorizing the issuance of short-term general obligation notes for funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for West Capitol Drive from West Atkinson Avenue to North 27th Street; West Atkinson Avenue from 19th Street north to North Teutonia Avenue; and from North Teutonia Avenue from West Melvina Street north to West Atkinson Avenue. (Comptroller)

Analysis
Resolution authorizing the issuance of short-term general obligation notes under s. 67.12(12), Stats., funding the City's cash match share of a Wisconsin Department of Transportation streetscape enhancement grant for West Capitol Drive from West Atkinson Avenue to North 27th Street; West Atkinson Avenue from 19th Street north to North Teutonia Avenue; and from North Teutonia Avenue from West Melvina Street north to West Atkinson Avenue in a total amount of $105,000 of which 80% ($84,000) would be Grantor funding and 20% ($21,000) would be City borrowed Grantee funding.

Body
Whereas, The 2001 budget of the City of Milwaukee authorizes general obligation short-term borrowing under § 67.12(12) for 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 providing the City's "match" for the funding of a Wisconsin Department of Transportation streetscape enhancement grant for West Capitol Drive from West Atkinson Avenue to North 27th Street; West Atkinson Avenue from 19th Street north to North Teutonia Avenue; and from North Teutonia Avenue from West Melvina Street north to West Atkinson Avenue in the total amount of $105,000 of which 80% ($84,000) would be Grantor funding and 20% ($21,000) would be City borrowed Grantee funding; now, therefore, be it

Resolved, ...