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File #: 141380    Version:
Type: Resolution Status: Passed
File created: 12/16/2014 In control: COMMON COUNCIL
On agenda: Final action: 1/21/2015
Effective date:    
Title: Substitute resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $7,119,000 for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337.
Sponsors: THE CHAIR
Indexes: COMMUNITY DEVELOPMENT, GENERAL OBLIGATION BONDS, REDEVELOPMENT, URBAN
Attachments: 1. Comptroller Letter, 2. Fiscal Impact Statement, 3. 2015 New borrowing, 4. Blight Elimination, 5. Hearing Notice List, 6. Notice Published on 2-3-15
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
2/3/20151 CITY CLERK PUBLISHED   Action details Meeting details Not available
1/28/20151 MAYOR SIGNED   Action details Meeting details Not available
1/21/20151 COMMON COUNCIL ADOPTEDPass14:1 Action details Meeting details Video Video
1/14/20150 FINANCE & PERSONNEL COMMITTEE SUBSTITUTED

Minutes note: Individual appearing: Rocky Wruck, Comptroller's Office Ald. Coggs moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)		Pass5:0 Action details Meeting details Video Video
1/14/20151 FINANCE & PERSONNEL COMMITTEE RECOMMENDED FOR ADOPTIONPass5:0 Action details Meeting details Not available
1/8/20150 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
12/16/20140 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
141380
Version
SUBSTITUTE 1
Reference
 
Sponsor
THE CHAIR
 
Title
Substitute resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $7,119,000 for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337.
 
Analysis
Resolution authorizes the issuance and sale of general obligation bonds for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337, in the amount of $7,119,000.
 
Body
Whereas, the 2015 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $7,119,000 for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337; now, therefore, be it
 
Resolved, By the Common Council of the City of Milwaukee that it hereby authorizes and declares its purpose to sell and issue general obligation bonds in the aggregate amount of $7,119,000 for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects under ss. 66.1105, 66.1301 to 66.1329 and 66.1331 to 66.1337; and be it
 
Further Resolved that none of the amount may be used for Street Car purposes.
 
Requestor
Comptroller
 
Drafter
RSL
 
PD-8158t2W.rtf