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File #: 221252    Version: 0
Type: Resolution Status: Passed
File created: 12/13/2022 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 1/17/2023
Effective date:    
Title: Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $47,000,000 for water systems.
Sponsors: THE CHAIR
Indexes: GENERAL OBLIGATION BONDS, WATER WORKS
Attachments: 1. Fiscal Impact Statement, 2. Comptroller Letter 2023 Borrowing , 3. Notice published 2-1-23

Number

221252

 

Version

ORIGINAL

 

Reference

 

Sponsor

THE CHAIR

 

Title

Resolution authorizing the sale and issuance of general obligation bonds in the aggregate amount of $47,000,000 for water systems.

 

Analysis

Resolution authorizes the issuance and sale of general obligation bonds for water systems, in the amount of $47,000,000.

 

Body

Whereas, the 2023 budget of the City of Milwaukee adopted by the Common Council contemplates the issuance of general obligation bonds in the aggregate amount of $47,000,000 for water systems; 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 $47,000,000 for water systems.

 

Requestor

Comptroller

 

Drafter

Joshua Benson

12/5/22

 

PD-8625pW.rtf