City of Milwaukee - File #: 161118

• File #: 161118
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/13/2016
• In control: COMMON COUNCIL
• Final action: 1/18/2017
• Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $44,000,000 for Tax Incremental Districts 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, TAX INCREMENTAL DISTRICTS

Date	Ver.	Action By	Action	Result	Tally
2/1/2017	0	CITY CLERK	PUBLISHED
1/26/2017	0	MAYOR	SIGNED
1/18/2017	0	COMMON COUNCIL	ADOPTED	Pass	14:0
1/11/2017	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Richard Li, Comptroller's Office	Pass	4:0
1/6/2017	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
12/13/2016	0	COMMON COUNCIL	ASSIGNED TO

Number

161118

Version

ORIGINAL

Reference

Sponsor

THE CHAIR

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $44,000,000 for Tax Incremental Districts 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 Tax Incremental Districts 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 $44,000,000.

Body

Whereas, The 2017 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $44,000,000 for Tax Incremental Districts 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 $44,000,000 for Tax Incremental Districts 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.

Requestor

Comptroller

Drafter

Richard Li

PD-8321oW.rtf