City of Milwaukee - File #: 001568

• File #: 001568
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 2/27/2001
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 3/20/2001
• Title: Resolution authorizing the Commissioners of the Public Debt to market general obligation "corporate purpose bonds" pursuant to the provisions of Ch. 67, Stats. (Comptroller's Office)
• Sponsors: THE CHAIR
• Indexes: BUDGET, GENERAL OBLIGATION BONDS, MUNICIPAL BORROWING, PUBLIC IMPROVEMENTS

Date	Ver.	Action By	Action	Result	Tally
3/26/2001	0	MAYOR	SIGNED
3/20/2001	0	COMMON COUNCIL	ADOPTED	Pass	16:0
3/14/2001	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Ald. Henningsen moved that a file be opened & Budget to work with Comptroller & Depts. to supply reasons for delays in capital project from 1999 back.	Pass	5:0
3/5/2001	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/28/2001		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/27/2001	0	COMMON COUNCIL	ASSIGNED TO

Number
001568
Version
Original
Reference

Sponsor
The Chair
Title
Resolution authorizing the Commissioners of the Public Debt to market general obligation "corporate purpose bonds" pursuant to the provisions of Ch. 67, Stats. (Comptroller's Office)
Sections

Analysis
This resolution authorizes the Commissioners of the Public Debt to issue and sell City of Milwaukee general obligation "corporate purpose bonds" in the amount of $181,881,235.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Whereas, General obligation bonds have been authorized in the 1998, 1999, 2000 and 2001 municipal budgets; and

Whereas, Initial resolutions have been adopted authorizing the issuance of such general obligation bonds; and

Whereas, In 2000 a corporate purpose resolution was adopted combining general obligation bonds authorized under various initial resolutions into one issue designated "corporate purpose bonds" and some of the authorized "corporate purpose bonds" were not sold; and

Whereas, It is the intention of the Common Council to rescind the authority of the corporate purpose resolution adopted in 2000 as it relates to bonds which were authorized but not sold in 2000 and to combine general obligation bonds authorized under the various initial resolutions into one issue and to designate such bonds as "corporate purpose bonds"; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that the authority of Common Council Resolution File No. 991686 adopted March 9, 2000, being a resolution combining general obligation bonds authorized under various initial resolutions into one issue designated as "corporate purpose bonds" as it relates to bonds authorized but not sold in 2000, be and hereby is rescinded; and, be it

Further Resolved, By the Common Council of the City of Milwaukee in accordance with sec. 67.05(13), Stats., that the Commissioners of the Public Debt are authorized and r...