NUMB:
981135
VERS:
SUBSTITUTE 1
REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution relating to the issuance and sale of general obligation bonds in the amount of $16,300,000 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. (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 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 $16,300,000.
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 $16,300,000 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 $16,300,000 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:
City Attorney
#14901
Date: 11/17/98