City of Milwaukee - File #: 081158

• File #: 081158
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 12/16/2008
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 1/16/2009
• Title: Resolution relating to issuance and sale of general obligation bonds in the aggregate amount of $96,268,614 for Tax Incremental Districts for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects.
• Sponsors: THE CHAIR
• Indexes: BUDGET, GENERAL OBLIGATION BONDS, TAX INCREMENTAL DISTRICTS, TAX INCREMENTAL FINANCING

Date	Ver.	Action By	Action	Result	Tally
1/30/2009	0	CITY CLERK	PUBLISHED
1/28/2009	0	MAYOR	SIGNED
1/16/2009	0	COMMON COUNCIL	ADOPTED	Pass	14:0
1/14/2009	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION	Pass	5:0
1/6/2009	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
12/16/2008	0	COMMON COUNCIL	ASSIGNED TO

Number

081158

Version

ORIGINAL

Reference

Sponsor

THE CHAIR

Title

Resolution relating to issuance and sale of general obligation bonds in the aggregate amount of $96,268,614 for Tax Incremental Districts for providing financial assistance to blight elimination, slum clearance, community development, redevelopment and urban renewal programs and projects.

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 $96,268,614.

Body

Whereas, The 2009 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $96,268,614 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 issue and sell general obligation bonds in the aggregate amount of $96,268,614 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

RSL

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