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File #: 060992    Version:
Type: Resolution Status: Passed
File created: 11/14/2006 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 12/12/2006
Effective date:    
Title: Substitute resolution authorizing the sale and issuance of general obligation bonds for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal programs and projects.
Sponsors: THE CHAIR
Indexes: BLIGHTED PROPERTY ACQUISITION, GENERAL OBLIGATION BONDS, REDEVELOPMENT, URBAN
Attachments: 1. Comptroller's Cover Letter.pdf, 2. Fiscal Note, 3. Cover letter for various files, 4. Exhibit A, 5. Fiscal Analysis, 6. Notice Published on 1-8-07.PDF

Number

060992

Version

SUBSTITUTE 1

Reference

 

Sponsor

THE CHAIR

 

Title

Substitute resolution authorizing the sale and issuance of general obligation bonds for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal programs and projects.

 

Analysis

Resolution authorizes the issuance and sale of $2,700,000 of general obligation bonds for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects.

 

Body

Whereas, The 2007 Budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $2,700,000 for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that it hereby authorizes and declares its purpose to issue and sell general obligation bonds in the aggregate amount of $2,700,000 for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337.

Requestor

Comptroller

Drafter

Comptroller

RSL

PD-7228b2W.doc