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) which includes, the replacement of two first stage classification trains, an existing overflow bucket elevator and dust collection ductwork to connect new equipment to the existing dust collection system; electrical work; modification of existing motor control centers; installation of new instrumentation and control equipment; and painting.
3. “A Resolution Authorizing and Providing for the Sale and Issuance of up to $2,888,498 General Obligation Sewerage System Promissory Notes, Series 2021D, Levying Taxes for the Payment Thereof, and All Related Details” for Clean Water Fund Program Project Number 3275-01, consisting of the replacement or refurbishment of corroded, worn-out return activated sludge header piping and associated components at the South Shore Water Reclamation Facility which includes, the return activated sludge piping, valves, fittings, and components in the return activated sludge header system’s Battery 1, 3, and 4; providing a return activated sludge suction and discharge header flushing and drain piping system; replacing pipe supports, including concrete repair and painting; and removing an abandoned chlorine gas piping system.
4. “A Resolution Authorizing and Providing for the Sale and Issuance of up to $4,967,521 General Obligation Sewerage System Promissory Notes, Series 2021E, Levying Taxes for the Payment Thereof, and All Related Details” for Clean Water Fund Program Project Number 3278-01, consisting of the removal and replacement of dried biosolids processing equipment and associated components at the Jones Island Water Reclamation Facility in the Dewatering and Drying Facility (Building No. 258) known as the Greens Grade Train Replacement, which includes the removal and replacement of product classification and handling equipment that has reached the end of its useful life; associated electrical work; installation of process control equipment; and painting.