Number
021700
Version
Substitute 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution authorizing and providing for the sale by the City of Milwaukee, Wisconsin, of a series of Sewerage System Revenue Bonds, Series 2003 S4. (Comptroller)
Analysis
This resolution authorizes and provides for the sale by the City a series of Sewerage System Revenue Bonds, Series 2003 S4, in the principal amount not to exceed $33,888,500 for financing the costs of improvements to the City's Sewerage System; prescribing certain details of such bonds; and certain other matters related thereto.
Body
Whereas, In interpreting the terms of the Series 2003 Resolution, all terms which are defined in Section 1.01 of the Resolution shall have the same meanings, respectively, in this Series 2003 Resolution as such terms are given in said Section 1.01 of the Resolution. Resolution means Common Council Resolution File No. 991863 adopted by the Common Council on August 2, 2001. In addition, as used in this Series 2003 Resolution, unless the context shall otherwise require, the following terms shall have the following respective meanings: "Series 2003 Bonds" means the Sewerage System Revenue Bonds, Series 2003 S4, pursuant to and subject to the terms, conditions and limitations established in the Resolution and this Series 2003 Resolution. "Series 2003 Resolution" means this Series 2003 Resolution authorizing up to $33,888,500 aggregate principal amount of the Series 2003 Bonds. "Tax Certificate" means the Federal Tax Certificate executed by an Authorized Officer of the City in connection with the issuance of the Series 2003 Bonds; and
Whereas, The Resolution provides the authority (when utilized in conjunction with separate "Series" resolutions) for the issuance of Sewerage System Revenue Bonds to be payable from the revenues of the Sewerage System; and
Whereas, It is hereby found and determined that it is necessary and required that the City authorize...
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