Title
Initial Resolution Authorizing the Sale and Issuance of Not to Exceed $80,000,000 General Obligation Bonds and/or General Obligation Promissory Notes, and Certain Related Details
Body
WHEREAS, the Milwaukee Metropolitan Sewerage Commission intends to authorize the sale and issuance by the Milwaukee Metropolitan Sewerage District of its general obligation bonds and/or general obligation promissory notes 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 Sale and Issuance of Not to Exceed $80,000,000 General Obligation Bonds and/or General Obligation Promissory Notes, and Certain Related Details for the purpose or purposes of financing the District’s capital budget for the year 2017 and portions of the years 2016 and 2018, 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.”