City of Milwaukee - File #: 971439

• File #: 971439
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/16/1997
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 1/20/1998
• Title: Resolution relating to the issuance and sale of general obligation bonds in the amount of $3,206,000 for a project under-taken for a public purpose, to-wit: for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under secs. 66.405 to 66.425, 66.43, 66.431, 66.4325, 66.435 and 66.46. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BLIGHT DECLARATION, BUDGET, GENERAL OBLIGATION BONDS, REDEVELOPMENT, URBAN

Date	Ver.	Action By	Action	Result	Tally
1/21/1998	0	MAYOR	SIGNED	Pass
1/20/1998	0	COMMON COUNCIL	ADOPTED	Pass	16:0
1/14/1998	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	4:0
12/18/1997	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
12/16/1997	0	COMMON COUNCIL	ASSIGNED TO

NUMB:

971439

VERS:

ORIGINAL

REF:

XXBY:

THE CHAIR

TITL:

Resolution relating to the issuance and sale of general obligation bonds in the amount of $3,206,000 for a project under-taken for a public purpose, to-wit: for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under secs. 66.405 to 66.425, 66.43, 66.431, 66.4325, 66.435 and 66.46. (Comptroller)

ANLS:

_____________________________________________

-Analysis-

This resolution authorizes the issuance and sale of general obligation bonds in accordance with sec. 67.04, Stats., for a project undertaken for a public purpose, to-wit: for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under secs. 66.405 to 66.425, 66.43, 66.431, 66.4325, 66.435 and 66.46, in the amount of $3,206,000. _____________________________________________

BODY:

Whereas, The 1998 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the amount of $3,206,000 for a project undertaken for a public purpose, to-wit: for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under secs. 66.405 to 66.425, 66.43, 66.431, 66.4325, 66.435 and 66.46; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee that it hereby and herewith authorizes and declares its purpose to issue and sell general obligation bonds in the amount of $3,206,000 for a project undertaken for a public purpose, to-wit: for providing financial assistance to blight elimination, slum clearance, redevelopment, and urban renewal projects under secs. 66.405 to 66.425, 66.43, 66.431, 66.4325, 66.435 and 66.46.

ZDPT:

Comptroller

DFTR:

City Atty.

TEH:kef\resoluti\blight

11/24/97