Number
150829
Version
Original
Sponsor
THE CHAIR
Title
Resolution approving the form of the Reoffering Circular used in connection with the sale of City of Milwaukee debt.
Analysis
In connection with the conversion of the 2012 F9 from FRN mode to RTV mode, a Reoffering Circular is prepared and distributed to provide potential investors with information on the City. The rules of the Securities and Exchange Commission require that the governing body of the municipality review and approve the Official Statement for accuracy and completeness.
Body
Whereas, The City Comptroller has prepared a Reoffering Circular (the “Official Statement”, the form of which is attached hereto) for the purpose of providing comprehensive financial and economic information respecting the City of Milwaukee in connection with the reoffering of the City of Milwaukee, Wisconsin, General Obligation Corporate Purpose Bonds, Series 2012 F9 being reoffered as Series 2012 V10 (the “Offered Obligations”); and
Whereas, Financial and economic information has been compiled by the Office of the Comptroller from its annual financial report, property tax records maintained by the Assessor's Office and from other books and records of the City; and
Whereas, Concurrently with the delivery of the Offered Obligations, the City will deliver its certificates signed by its Comptroller stating that the descriptions and statements, including financial statements, as pertaining to the City contained in the Official Statement as of their dates and the date of sale and delivery of the Offered Obligations, were and are true and correct in all material respects and do not contain an untrue statement of a material fact or omit to state a material fact required to be included therein or necessary to make the statements contained therein in the light of circumstances in which they were made not misleading; and
Whereas, Such certificates will further confirm to the effect that insofar as the descriptions an...
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