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File #: 191398    Version: 0
Type: Resolution Status: Passed
File created: 12/17/2019 In control: COMMON COUNCIL
On agenda: Final action: 1/21/2020
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables.
Sponsors: THE CHAIR
Attachments: 1. Borrowing Letter, 2. Schedule of New Borrowing, 3. Fiscal Note

Number

191398

 

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables.

Analysis

Resolution authorizes the issuance and sale of general obligation bonds for grants and financing receivables, in the amount of $37,000,000.

 

Body

Whereas, the 2020 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $37,000,000 for grants and financing receivables; 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 $37,000,000 for grants and financing receivables.

 

Requestor

Comptroller

 

Drafter

Richard Li

12/11/19

 

PD-8502wW.rtf