Milwaukee Metropolitan Sewerage District - File #: 21-092-6

• File #: 21-092-6
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 6/3/2021
• In control: Policy, Finance & Personnel Committee
• On agenda: 6/14/2021
• Final action: 6/28/2021
• Title: A Resolution Authorizing and Providing for the Sale and Issuance of Four Series of General Obligation Sewerage System Promissory Notes, Levying Taxes for the Payment Thereof, and All Related Details
• Sponsors: Executive Director

Date	Ver.	Action By	Action	Result
6/28/2021	1	Commission	Adopted by a Roll Call Vote	Pass
6/14/2021	1	Policy, Finance & Personnel Committee	Approved by a Voice Vote	Pass

Title
A Resolution Authorizing and Providing for the Sale and Issuance of Four Series of General Obligation Sewerage System Promissory Notes, 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 projects 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 Sewerage Commission that the resolutions attached hereto and described below are hereby adopted.

1. “A Resolution Authorizing and Providing for the Sale and Issuance of up to $989,946 General Obligation Sewerage System Promissory Notes, Series 2021B, Levying Taxes for the Payment Thereof, and All Related Details” for Clean Water Fund Program Project Number 3258-01, consisting of the removal and replacement of the roofs on four of six buildings inspected and evaluated for the South Shore Water Reclamation Facility Building Roof Replacement Project, Phase Four.

2. “A Resolution Authorizing and Providing for the Sale and Issuance of up to $6,645,074 General Obligation Sewerage System Promissory Notes, Series 2021C, Levying Taxes for the Payment Thereof, and All Related Details” for Clean Water Fund Program Project Number 3264-01, consisting of the removal and replacement of equipment at Jones Island Water Reclamation Facility in the Dewatering and Drying Facility (Structure 258) whic...