Title
A Resolution Authorizing and Providing for the Sale and Issuance of One Series of General Obligation Sewerage System Promissory Note, Levying Taxes for the Payment Thereof, and All Related Details
Body
WHEREAS, the State of Wisconsin Clean Water Fund Program permits the Milwaukee Metropolitan Sewerage Commission to obtain financial assistance for the construction of eligible wastewater pollution abatement projects; and
WHEREAS, the Milwaukee Metropolitan Sewerage Commission intends to authorize, sell and issue general obligation sewerage system promissory notes for the Clean Water Fund Program project as described below; and
WHEREAS, the Milwaukee Metropolitan Sewerage Commission has determined to sell the notes by private rather than public sale due to efficiencies of borrowing through the Clean Water Fund Program, including reduced issuance costs, flexible draw-down of principal and favorable interest rates.
NOW, THEREFORE, BE IT RESOLVED, by the Milwaukee Metropolitan Swerage Commission that the resolution attached hereto and described below is hereby adopted.
“A Resolution Authorizing and Providing for the Sale and Issuance of up to $2,291,973 General Obligation Sewerage System Promissory Notes, Series 2026B, Levying Taxes for the Payment Thereof, and All Related Details” for Clean Water Fund Program Project Number 3296-01, consisting of additional odor control equipment at the Jones Island Water Reclamation Facility including installation of biological scrubbers upstream of the existing carbon adsorbers to remove a majority of odor producing compounds and modification of the building housing the odor control equipment to add lighting, heating, ventilation, and air piping to connect the new scrubbers to the existing system.