Title
Initial Resolution Authorizing the Issuance of Not to Exceed $168,000,000 General Obligation Sewerage System Bonds
Body
WHEREAS, the Milwaukee Metropolitan Sewerage Commission intends to authorize the sale and issuance by the Milwaukee Metropolitan Sewerage District of its general obligation sewerage system bonds to finance the projects described below, which the District elects not to finance under the State of Wisconsin Clean Water Fund Program.
NOW, THEREFORE, BE IT RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the resolution attached hereto and described below is hereby adopted.
“Initial Resolution Authorizing the Issuance of Not to Exceed $168,000,000 General Obligation Sewerage System Bonds for the purpose or purposes of financing (i) portions of the District’s capital budget for the years 2026, 2027, and 2028 as approved or to be approved by the Governing Body, which includes, but is not limited to, the acquisition, leasing, planning, design, construction, development, extension, enlargement, renovation, rebuilding, or improvement of land, waters, property, highways, buildings, equipment, or facilities relating to the sewerage system of the District, and (ii) the current refunding of all or a portion of the 2027 through 2037 maturities of its $80,000,000 Milwaukee Metropolitan Sewerage District, Wisconsin General Obligation Sewerage System Bonds, Series 2017A, dated June 12, 2017.”