File #: 17-038-4    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 3/28/2017 In control: Policy, Finance & Personnel Committee
On agenda: 5/8/2017 Final action: 5/22/2017
Title: Authorizing and Providing for the Sale and Issuance of $80,000,000 General Obligation Sewerage System Bonds, Series 2017A, Levying Taxes for the Payment Thereof, and all Other Related Details
Sponsors: Executive Director
Attachments: 1. 12_PFP_Sale_Issuance_GO_Bond_legislative_file-REVISED.pdf, 2. 12_PFP_Sale_Issuance_GO_Bond_attachment-REVISED.pdf, 3. 06_PFP_Sale_Issuance_GO_Bond_legislative_file.pdf, 4. 06_PFP_Sale_Issuance_GO_Bond_attachment.pdf

Title

Authorizing and Providing for the Sale and Issuance of $80,000,000 General Obligation Sewerage System Bonds, Series 2017A, Levying Taxes for the Payment Thereof, and all Other Related Details

Body

RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that the attached award resolution titled, “A Resolution Authorizing and Providing for the Sale and Issuance of $80,000,000 General Obligation Sewerage System Bonds, Series 2017A, Levying Taxes for the Payment Thereof, and all Other Related Details”, is adopted; and

 

BE IT FURTHER RESOLVED, by the Milwaukee Metropolitan Sewerage Commission, that, as the result of receipt of a substantial premium on the Series 2017A issue, $1.6 million previously earmarked (by Resolution 16-134-10) for payment of debt service coming due in 2017 for the Series 2017A Bonds will no be used for payment of debt service coming due on the General Obligation Notes, Series 2015A.