City of Milwaukee - File #: 041048

• File #: 041048
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 11/23/2004
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 12/21/2004
• Title: Substitute resolution authorizing and providing for the sale by the City of Milwaukee, Wisconsin, of a series of Sewerage System Revenue Bonds, Series 2005. (Comptroller)
• Sponsors: THE CHAIR
• Indexes: BUDGET, MUNICIPAL BORROWING, SEWERS

Date	Ver.	Action By	Action	Result	Tally
12/23/2004	1	MAYOR	SIGNED
12/21/2004	1	COMMON COUNCIL	ADOPTED	Pass	15:0
12/15/2004	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
12/6/2004	1	CITY CLERK	DRAFT SUBMITTED
12/6/2004	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
11/29/2004		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
11/29/2004		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
11/23/2004	0	COMMON COUNCIL	ASSIGNED TO

Number
041048

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 2005. (Comptroller)
Analysis
This resolution authorizes and provides for the sale by the City a series of Sewerage System Revenue Bonds, Series 2005, in the principal amount not to exceed $36,409,500 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 this resolution, all terms which are defined in Section 1.01 of the resolution shall have the same meanings, respectively, in this Series 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. The Resolution was amended by Common Council Resolution File No. 021776 adopted by the Common Council on April 15, 2003. In addition, as used in this Series Resolution, unless the context shall otherwise require, the following terms shall have the following respective meanings: "Bonds" means the Sewerage System Revenue Bonds, Series 2005, pursuant to and subject to the terms, conditions and limitations established in the Resolution and this Series Resolution. "Series Resolution" means this resolution authorizing up to $36,409,500 aggregate principal amount of the Bonds. "Tax Certificate" means the Federal Tax Certificate executed by an Authorized Officer of the City in connection with the issuance of the 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 re...