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File #: 201006    Version: 0
Type: Resolution Status: Passed
File created: 11/24/2020 In control: COMMON COUNCIL
On agenda: Final action: 1/19/2021
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $5,835,000 for bridges.
Sponsors: THE CHAIR
Indexes: BRIDGES, GENERAL OBLIGATION BONDS
Attachments: 1. Cover Letter, 2. 2021 Purposes for New Borrowing, 3. Fiscal Impact Statement, 4. 2021 Purposes for New Borrowing, Revised, 5. Fiscal Note, 6. Proof of Publication

Number

201006

 

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $5,835,000 for bridges.

 

Analysis

Resolution authorizes the issuance and sale of general obligation bonds for bridges, in the amount of $5,835,000.

 

Body

Whereas, the 2021 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $5,835,000 for bridges; 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 $5,835,000 for bridges.

 

Requestor

Comptroller

 

Drafter

Richard Li

11/12/20

 

PD-8553aW.rtf