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File #: 141385    Version: 0
Type: Resolution Status: Passed
File created: 12/16/2014 In control: COMMON COUNCIL
On agenda: Final action: 1/21/2015
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, MUNICIPAL FINANCE
Attachments: 1. Comptroller Letter, 2. Fiscal Impact Statement, 3. 2015 New Borrowing, 4. Hearing Notice List
Number
141385
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 2015 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
Comptroller
Richard Li/Diane Marek
12/10/14
PD-8158yW.rtf