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File #: 181357    Version: 0
Type: Resolution Status: Passed
File created: 12/18/2018 In control: COMMON COUNCIL
On agenda: Final action: 1/14/2019
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $1,700,000 for street improvement funding.
Sponsors: THE CHAIR
Indexes: BONDS, STREET IMPROVEMENTS
Attachments: 1. Comptroller Letter, 2. Resolution Corrected, 3. Fiscal Note Revised, 4. Schedule of 2019 Borrowing Revised.pdf, 5. Proof of Publication

Number

181357

 

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $1,700,000 for street improvement funding.

Analysis

Resolution authorizes the issuance and sale of general obligation bonds for street improvement funding, in the amount of $1,700,000.

 

Body

Whereas, The 2019 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $1,700,000 for street improvement funding; 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 $1,700,000 for street improvement funding.

 

Requestor

Comptroller

 

Drafter

Richard Li

12/1/18