title
Resolution Establishing Parameters for the Sale of Not to Exceed $12,440,000 General Obligation Corporate Purpose Bonds, Series 2023A
body
WHEREAS, the Common Council of the City of Wauwatosa, Milwaukee County, Wisconsin (the "City") has heretofore adopted initial resolutions (collectively, the "Initial Resolutions") authorizing the issuance of general obligation bonds for the following public purposes and in the following not to exceed amounts:
(a) $10,810,000 for street improvement projects;
(b) $180,000 for water system projects;
(c) $320,000 for parks and public grounds projects;
(d) $720,000 for equipment of the fire department;
(e) $380,000 for construction of engine houses; and
(f) $30,000 for construction of police facilities;
WHEREAS, pursuant to the provisions of Section 67.05, Wisconsin Statutes, within 15 days following the adoption of the Initial Resolutions, the City Clerk shall cause a notice to electors to be published in the MJS-North NOW, stating the purpose and maximum principal amount of the bond issues authorized by the Initial Resolutions and describing the opportunity and procedure for submitting a petition requesting a referendum on the bond issues authorized by the Initial Resolutions;
WHEREAS, the time to file such a petition shall expire on October 19, 2023;
WHEREAS, the Common Council of the City hereby finds that the general obligation bond issues authorized by the Initial Resolutions be combined, issued and sold as a single issue of bonds designated "General Obligation Corporate Purpose Bonds, Series 2023A" (the "Bonds") for the purpose of paying the cost of the projects described in the Initial Resolutions (collectively, the "Project");
WHEREAS, the Common Council hereby finds and determines that the Project is within the City's power to undertake and therefore serves a "public purpose" as that term is defined in Section 67.04(1)(b), Wisconsin Statutes;
WHEREAS, the City is authorized by the provisions of Se...
Click here for full text