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File #: 981254    Version: 0
Type: Resolution Status: Passed
File created: 11/24/1998 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 12/18/1998
Effective date:    
Title: Resolution relating to the issuance and sale of general obligation bonds in the amount of $10,800,000 for a project undertaken for a public purpose, to-wit; for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s.66.045.
Sponsors: THE CHAIR
Indexes: BUDGET, GENERAL OBLIGATION BONDS, TAX INCREMENTAL DISTRICTS
NUMB:
981254
VERS:
ORIGINAL
 
REF:
 
XXBY:
THE CHAIR
 
TITL:
Resolution relating to the issuance and sale of general obligation bonds in the amount of $10,800,000 for a project undertaken for a public purpose, to-wit; for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s.66.045.
 
 
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 paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s.66.045 in the amount of $10,800,000.
 
 
BODY:
Whereas, The 1999 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the amount of $10,800,000 for a project undertaken for a public purpose, to-wit; for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s.66.045; 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 $10,800,000 for a project undertaken for a public purpose, to-wit; for paying project costs in accordance with project plans for tax incremental districts and providing financial assistance to urban renewal projects authorized under s.66.045.
 
 
ZDPT:
 
Comptroller
 
DFTR:
 
 
PD-4453W.DOC