Loading...
CCR1980126dm0061780 D COMMON COUNCIL OF THE CITY OF MUSKEGO RESOLUTION NO. 12fj-SO BOND RESOLUTION AUTHORlZING INDUSTRIAL DEVELOPMENT REVENUE BONDS, CITY OF MUSKEGO, WISCONSIN (PRECISION SCREW THREAD CORP. PROJECT) SERIES B $1,000,000 a WHEREAS, the City of Muskego, Wisconsin (the "Municipality"), is a municipal corporation organized and existing under and pursuant to the laws of the State of Wisconsin and is authorized by Section 66.521 Wisconsin Statutes, as amended (hereinafter sometimes referred to as the "Act"), to: b (a) issue bonds costs reequ rehab ins ta industrial development revenue to finance all or any part of the of the construction, equipping, ipping, acquisition, purchase, llation, reconstruction, rebuilding maintaining, repairing, enlarging, extending Nilitation, improving, supplementing, or remodeling of a project which qualifies under the Act and the improvement of the site therefor; and (b) enter into a revenue agreement with an eligible participant pursuant to which the eligible participant agrees to cause said project to be constructed and to pay the Municipality an amount of funds sufficient of the principal of and interest on said to provide for the prompt payment when due industrial development revenue bonds; and WHEREAS, the Municipality has heretofore authorized the issuance of its $550,000 City of Muskego, Wisconsin Industrial Development Revenue Bonds Series A (Precision I- R D Screw Thread Corp. Project) under and pursuant to a Loan Agreement, dated as of September 1, 1978 by and between the Municipality and Glenn R. Simpson, Jr., which Loan Agreement is incorporated by reference and is a part of the First Supplemental Loan Agreement hereinafter identified; and an Indenture of TruRt, dated as of September 1, 1978 from the Municipality to the Trustee (as hereinafter identified), which Indenture of Trust is incorporated by reference and is a part of the First Supplemental Indenture of Trust hereinafter identified; and under and pursuant to a resolution of this body numbered 183-78 and dated September 12, 1978 (the "Series A Bonds"); and WHEREAS, said Resolution number 183-78 provides for the issuance of additional bonds; and WHEREAS, Simpson Realty Company, a Wisconsin partner- ship (the "Borrower"), has heretofore requested the Municipality to issue industrial development revenue bonds to finance a project on behalf of the Borrower as an eligible participant under the Act; and WHEKEAS, this body has heretofore found and determined that said project consisting of a building addition to an existing facility and the acquisition and installation of equipment for called the "Project") is a qualified "project" within the meaning the purpose of manufacturing screw thread products (hereinafter of the Act and that the Borrower is an "eligible participant" within the meaning of the Act; and WHEREAS, on February 26, 1980, this body adopted an initial resolution pursuant to the Act wherein it was resolved that the Municipality would issue industrial development revenue bonds to finance the Project, subject however, to the satisfaction of certain conditions including the approval by this body of the terms of the bonds and the revenue agreement described in said initial resolution; and WHEREAS, on February 28, 1980, notice of the adoption of the initial resolution was published in accordance with Section (10) of the Act, and no sufficient petition has been filed with the Clerk requesting a referendum on the question of the issuance of said industrial development revenue bonds; and WHEREAS, the Borrower has now requested that the Municipality provide for the issuance of $1,000,000 principal amount of industrial development revenue bonds upon the terms set forth in this Resolution (as herein described, the "Series B Bonds") ; and -2- e WHEREAS, in connection therewith the Borrower has pre- sented the Municipality with proposed documentation for the Series B Bonds, as follows: a Bond Purchase Agreement, to be dated as of the date of adoption of this Bond Resolution (the "Bond Purchase Agreement"), to be entered into by and among the Municipality, the Borrower, Precision Screw Thread Corp., a Wisconsin cor- poration (the "Guarantor") and First Wisconsin National Bank of Milwaukee, Milwaukee, Wisconsin (the "Bond Purchaser"), setting forth the terms and conditions on which the Municipality will sell and the Bond Purchaser will purchase the Series B Bonds; and a First Supplemental Indenture of Trust, to be dated as of July 1, 1980 (the "Indenture"), to be entered into between the Municipality and the corporate trustee hereinafter designated (the "Trustee"), providing for the creation of the Series B Bonds, the terms thereof and the security therefor; and a First Supplemental Loan Agreement, to be dated as of July 1, 1980 (the "Loan Agreement"), to be entered into between the Municipality and the Borrower providing for a loan of the Series B Bond proceeds to the Borrower on repayment terms scheduled to provide the Municipality with revenues sufficient to retire the Series B Bonds in accor- dance with their terms; and a Promissory Note, to be dated July 1, 1980 (the Borrower payable to the order of the Municipality "Series B Promissory Note"), to be issued by the in the principal amount of $1,000,000 as evidence ment and to be assigned by the Municipality to the of the borrowing provided for in the Loan Agree- Trustee; and July 1, 1980 (the "Mortgage"), from the Borrower a First Supplemental Mortgage, to be dated as of be assigned to the Trustee, providing collateral to the Municipality, and from the Municipality to security for the performance of the Borrower's obligations under the Loan Agreement. a First Supplemental Lease, dated as of July 1, 1980 amending and supplementing that certain between Glenn R. Simpson, Jr. and the Guarantor. lease, dated May 1, 1978, entered into by and Said lease, as amended by the First Supplemental Lease, shall be referred to as the "Lease". -3- (g) a Guaranty Agreement, dated as of July 1, 1980 from the Guarantor to the Trustee. WHEREAS, in accordance with the Act, this Resolution and the aforesaid instruments and documents, the Series B Bonds and interest thereon shall never constitute an indebtedness of the Municipality within the meaning of any State constitutional provision or statutory limitation and shall not constitute or give rise to a pecuniary liability of the Municipality or a charge against its general credit or taxing powers; and 8 WHEREAS, it is in the public interest of the Municipality to encourage and promote the development of projects such as the Project in order to realize public benefits such as, but not limited to, the provision and retention of gainful employment opportunities for the citizens of the Municipality; the stimula- tion of the flow of investment capital into the Municipality with resultant beneficial effects on the economy in the Muni- cipality; and the preservation and enhancement of the Munici- pality's tax base; and a WHEREAS, the development of the Project and the issuance of Bonds to finance the Project as herein recited will, in the judgment of this body, serve the intended accom- plishments of public purpose and in all respects conform to the provisions and requirements of the Act; NOW, THEREFORE, BE IT RESOLVED: 1. Findings and Determinations. It has been found and determined and is hereby declared: i a (a) that the Project is a qualified "project" under and for the purposes of the Act; (b) that the Borrower is a qualified "eligible participant" under and for purposes of the Act; (c) that the Loan Agreement meets the require- ments of a "revenue agreement" under and for purposes of the Act; (d) that the estimated aggregate cost of providing the Project and paying the costs incident to the financing is not less than $1,000,000; and (e) that the payments required to be made by the Borrower under the Loan Agreement are sufficient in amount to pay when due the principal of, premium, if any, and interest on the Series B Bonds. -4- 2. Authorization to Borrow and to Lend. The Munici- pnllty shnll b~r~o~~u~&~-ii~ manner herein recited, the sum of $1,000,000 for the purpose of (i) financing the COR~R of providing the Project, (ii) paying the coats of issuing and selling the Series B Bonds, and (iii) paying such other costs related thereto as are permitted to be paid with bond proceeds under the Act. Said borrowing shall be accomplished through the sale of the Series B Bonds issued pursuant to the Borrower pursuant,to the terms of the Loan Agreement, which borrowing shall be evidenced by the Series B Promissory Note and secured by the Mortgage. ! I Act. The Municipality shall lend the sum of $1,000,000 to the i of Series B Bonds Created for Issuance. The Series B Bonds 3. Designation, Denomination, Tenor and Maturity shall be issued in the principal amount of $1,000,000 and shall be designated: CITY OF MUSKEGO. WISCONSIN INDUSTRIAL-DEVELOPMENT REVENUE BONDS, SERIES B (PRECISION SCREW THREAD CORP. PROJECT) The Series B Bonds shall bear interest from their date at the respective rates per annum set forth in the Maturity Table below. Interest shall be payable semiannually on January 1 and July 1 of each year commencing January 1, 1980. The Series B Bonds shall mature on the respective dates in the respective principal amounts set €orth in the Maturity Table below: MATURITY TABLE Principal Maturity Date (July 1 of the Year) Principal Amount 1981 $ 50,000 1982 1983 $ 55,000 $ 60,000 1984 $ 65,000 1985 $ 70,000 1986 $ 75,000 1987 $ 85,000 1988 $ 90,000 1989 $100,000 1990 1991 $105,000 $115,000 1992 $130,000 Interest Rate 8.40% 8.45 8.50 8.50 8.55 8.55 8.60 8.60 8.65 8.65 8.75 8.75 -5- 9 a The Series B Bonds shall be issuable as fully regis- $5,000 or any integral multiple thereof. The Series B Bonds tered typewritten bonds without coupons in denominations o€ nnrl the interest thereon shall be transferable by and sha1.l be payable to the registered owners thereof in the manner and with the effect provided in the Indenture. The principal of, premium, if any, and interest on the Series B Bonds shall be payable in lawful money of the United States of America at the principal corporate trust office of the Trustee, as paying agent, or the office o€ any successor or additional paying agent designated by the Municipality and approved by the Borrower. I ! The Series B Bonds shall be dated July 1, 1980. The Series B Bonds shall be lettered with the prefix "R" and con- secutively numbered from 1 upwards in the order of the issuance. The Series B Bonds shall be issued in the form therefor as set forth in the Indenture, with such insertions therein as shall be necessary to comply with the terms of this Resolution bond attorney may require for conformity with the terms of this and with such corrections therein, if any, as the approving Resolution, the Indenture and the Act. e 4. Execution and Authentication of Series B Bonds. The Series R Bonds shall be executed on behalf of the Munici- pality with the manual signature of its Mayor, countersigned with the manual signature of its Clerk and shall have impressed, the Municipality or a facsimile thereof. No Series B Bond shall imprinted or otherwise reproduced thereon the official seal of be issued unless first authenticated by the Trustee, to be evidenced by the manual signature of an authorized officer of the Trustee on each Series B Bond. 5. Designation of Trustee. The Municipality hereby Wisconsin, to perEorm the functions of the Trustee, bond registrar designates and appoints First Wisconsin Trust Company, Milwaukee, and paying agent under the Indenture. A Bonds and the Series B Bonds may be issued from time to time provided and subject to the approval of this body. If so issued, under the Indenture subject to the terms and conditions therein such additional Bonds shall rank equally and on a parity with the Series A Donds and the Series B Bonds. The Series A Bonds and the Series B Bonds and any such additional Bonds are hereinafter collectively referred to as the "Bonds". 6. Additional Bonds. Bonds in addition to the Series a 7. Series B Bonds as Limited Obligations. The Series general obligation of the Municipality or an indebtedness of the B Bonds and interest thereon shall never be or be considered a -6- Municipality within the meaning of any State constitutional provision or statutory limitation and shall not constitute OK give rise to a pecuniary liability of the Municipality or its officers and officials, or a charge against its general credit or taxing powers. Series B Bonds shall be limited obligations of the Municipality 8. Source of Payment; Pledge of Revenues. The rc payable by it solely from revenues consisting of (i) income ! - and revenue derived-by or for the account of-the Municipality of the Series B Promissory Note and the Loan Agreement (except Erom or for the account of the Borrower pursuant to the terms certain taxes, expenses and indemnity payments which may become due to the Municipality), (ii) all net proceeds realized upon recourse to the Mortgage and any other collateral given to secure the Borrower's obligations under the Loan Agreement, and (iii) moneys held in trust funds created under the Indenture. As security for the payment of the principal of, premium, if any, and interest on the Series B Bonds, the Munici- pality shall pledge and assign to the Trustee all of its right, title and interest in and to the Series B Promissory Note, the Loan Agreement (except for its rights to receive and enforce payment of certain taxes, expenses and indemnity payments from the .Borrower as set Eorth in the Indenture and the Loan Agree- ment), the Mortgage and the trust funds held by the Trustee under the Indenture. 9. Redemption of Series B Bonds Prior to Maturity. maturity as provided in the Indenture and summarized below: The Series B Bonds shall be subject to redemption prior to (a) Extraordinary Event Redemption. Upon or within one Year following the occurrence of any of the extreordinary events specified in the Indenture, the Borrower shall have the option of having the Series B Bonds redeemed in whole (but not in part) at 100% of the principal amount thereof, plus accrued interest to the redemption date. This option may be exercised only in accordance with the terms of the Indenture and the Loan Agreement. (b) Mandatory Redemption in Event of Tax Violation. redemption in whole upon the occurrence of a "Tax The Series B Bonds shall be subject to mandatory Violation" (relating to interest on the Series B Bonds) as defined in the Loan Agreement at 100% of principal amount, plus accrued interest to the redemption date. -7- July 1, 1985 to June 30, 1986 July 1, 1986 to. June 30, 1987 July 1, 1987 to June 30, 1988 July 1, 1988 to June 30, 1989 July 1, 1989 to June 30, 1990 July 1, 1990 and thereafter Notice of any redemption of Series B Bonds prior to stated maturity shall be given in the manner provided in the Inden- B Bonds called for redemption as aforesaid shall be payable ture. The principal of, premium, if any, and interest on Series solely from moneys held by the Trustee under the Indenture and available therefor, including moneys derived from the Borrower for such purpose pursuant to the Loan Agreement. e 10. The following described Trust Funds shall be created (or continue in existence, as the case may be) under (c) Optional Redemption. Except as provided in DaragraDhs (a> and (b) above. the Series B Bonds 'shall b;? noncallable for redemption prior to July 1, 1985. The Series B Bonds maturing on or after July 1, 1985 (exclusive of those Series B Bonds called for redemption pursuant to paragraphs (a) and (b) above), shall be subject to redemp- tion prior to maturity by the Municipality (at the Borrower's direction) on or after July 1, 1985, as a whole at any time, or in part on any interest payment date. If the prepayment of the Series B Bonds shall be in part, the particular Series B Bonds or portions thereof to be redeemed shall be selected by the Trustee in the inverse order of their maturities. If less than all Outstanding Series B Bonds of a particular maturity are to be so redeemed, the particular Series B Bonds or authorized portions thereof of such maturity to be redeemed shall be selected by the Trustee by lot or by such other random means as The redemption price in such event shall be 100% the Trustee shall determine in its discretion. of the principal amount of the Series B Bonds or portion thereof so redeemed, plus accrued interest as a percentage of the principal amount of the to the redemption date, plus a premium (expressed Series B Bonds or portions thereof so redeemed) determined in accordance with the table below: For Redemption Dates During the Period Redemption (Dates Inclusive) Pr emi um 5% 4% 3% 2% 1% None -8- a Lhc Indenture to he he1.d in the custody oE the Trustee and ;11111lit~d f(~r I.hc ~IS~H :tnd purposes provldetl in the Indenture (sulntmtr i zed I)cl.ow) : (a) Construction Fund. This trust Fund, designated with the names of the Municipality and the Guar- antor, shall be used to pay (or reimburse the Borrower for) the costs of providing the Project and such other costs in connection with the Project and the issuance and sale of the Series B Bonds as are permitted to be paid from the pro- ceeds of the Series B Bonds under the Act, the Loan Agreement and the Indenture. There shall be deposited in said Construction Fund the entire proceeds received upon sale of the Series B Bonds less the portion thereof constituting accrued directs the Trustee to withdraw funds from said interest. The Municipality hereby authorizes and Construction Fund for disbursement to or at the order of the Borrower pursuant to requisition of the Borrower as provided in the Indenture and Loan Agreement. (b) Bond Fund. This trust fund, designated with the names of the Municipality and the Guarantor, shall be used to pay the principal of, premium, if any, and interest on the Bonds. The Municipality hereby authorizes and directs the Trustee to withdraw sufficient Funds From said Bond Fund to pay the principal of, premium, if any, and interest on the Series B Bonds as the same become due and payable. (c) Special Series B Taxable Interest Compensation Fund. The Special Series B Taxable Interest Kensation Fund shall be funded and used for the purposes described in the Loan Agreement and the Indenture upon the occurrence of a "Tax Violation" in certain circumstances. 11. Other Trust Funds. There is hereby created by the Municipality and ordered established, iF necessary, with the Trustee fhnds in which there shall be deposited such.net proceeds of certain sales, insurance and condemnation awards The Trustee is authorized to withdraw funds from said trust as may be provided in the Loan Agreement and the Indenture. funds for application as provided in the Loan Agreement and the Indenture. -9- 12. Investment of Trust Funds. Any moneys held as a part of the trust funds held by the Trustee under the Indenture may be invested and reinvested by the Trustee upon request by the Borrower in (i) direct, general obligations of the United States of America ("Government Obligations"), (ii) securities which are unconditionally guaranteed as to both principal and interest by the United States of America, (iii) Federal Financing Bank, Federal Land Banks, Federal Home Loan Mortgage Association, Export Import Bank of the United States or Banks, Federal Intermediate Credit Banks, Federal National Government National Mortgage Association, (iv) bank repurchase agreements fully secured by Government Obligations, and (v) interest-bearing accounts, time deposits and certificates of deposit issued by any bank, trust company or national banking association (including the Trustee and any affiliate of the Trustee) which has capital, surplus and undivided profits in excess of $500,000, but in no event shall the amount invested at any one time, in interest-bearing accounts, time deposits and certificates of deposit issued by any one bank, trust company or national banking association equal or exceed 20% of the capital, surplus and undivided profits of such bank, trust company or national banking association. @ obligations of any of the following: Banks for Cooperatives, 0 13. Determination of Revenue Payment. The amount necessary in each Year to Day the principal of, premium. if any, and- interest bn the Series B Bonds is the-sum of (i) the with the table in paragraph 3 of this Resolution (as reduced amount of principal becoming due in such year in accordance from time to time by reason of prior redemptions and open market purchases of Series B Bonds in accordance with the Indenture); plus (ii) the principal amount of Series B Bonds to be redeemed in such year in accordance with a call for redemption made in accordance with paragraph 9 of this Reso- I lution and the Indenture, plus the premium, if any, payable I with respect thereto; plus (iii) the amount of interest on the 1 - Series B Bonds becoming due in such year in accordance with the Resolution. interest rates specified in the table in paragraph 3 of this e necessary revenue payments, it shall suffice herein and in In expressing the Borrower's obligation to make the the Loan Agreement to state that the Borrower shall be obligated to pay the Municipality (or the Trustee for the account of the Municipality) amounts sufficient to pay when due the prin- cipal of, premium, if any, and interest on the Bonds. 3 The Loan Agreement contains provisions, adequate in the judgment of this body, requiring the Borrower to provide for the maintenance of the Project and the carrying of all -10- i i > e proper insurance with respect thereto. Consequently, the Borrower need not be required to pay amounts into any reserve funds for the retirement of the Series B Bonds or for the maintenance of the Project. 14. Award of Series B Bonds; Execution and Deliver i of the Bond Purchase Agreement. The Borrower has negotiated or r the sale of the Series R Bonds to the institutional investor designated in the Bond Purchase Agreement (the "Bond Purchaser") at a price of 100% of the principal amount of the Series B Bonds, plus accrued interest to the date of delivery. Given the purposes of the financing and the involvement of the Municipality therewith, it is the determination of this body that the Series B Bonds shall be hereby awarded to the Bond Purchaser at the price aforesaid with delivery to follow in the manner, at the time and subject to the conditions set forth in the Bond Purchase Agree- ment. As evidence thereof, the Mayor and the Clerk are hereby authorized and directed for and in the name of the Municipality to execute, affix with the official seal of the Municipality and deliver the Bond Purchase Agreement in the form presented here- with, or with such insertions therein or corrections thereto as shall be approved by the Mayor and Clerk consistent with this Resolution and the terms of the Act, their execution thereof to constitute conclusive evidence of their approval of any such insertions and corrections. a 15. Execution and Delivery of the Loan Agreement and the Mortgage. The terms and provisions of the Series B and the Indenture; Assignment of the Series B Promissory Note Promissorv Note. the Loan Aereement. the Morteaee and the In- denture~aie hereby approved. The Mayor and the Clerk are hereby authorized for and in the name of the Municipality to execute, Loan Agreement, the Indenture and the assignments of the Series B affix with the official seal of the Municipality and deliver the Promissory Note and the Mortgage in the respective forms thereof present'ed herewith, or with such insertions therein or correc- sistent with this Resolution and the terms of the Act, their tions thereto as shall be approved by the Mayor and Clerk con- execution thereof to constitute conclusive evidence of their approval of any such insertions and corrections. u uv 16. Execution and Delivery of the Series B Bonds. The Mayor and the Clerk are hereby authorized for and in the name of the Municipality to execute the Series B Bonds and appurtenant coupons, if any, in the manner authorized by para- graph 4 of this Resolution. Subject to the terms and conditions of the Bond Purchase Agreement, the Municipality shall deliver the Series B Bonds to the Bond Purchaser. -11- e Cl.crk and Ihc nppropriate depuc~es nnd oFEicials ol the Munici- pality in accordance with their assigned responsibilities are hereby each authorized to execute, publish, file and record such other documents, instruments, notices (including notice pursuant to Wis. Stats. 5893.23) and records and to take such other actions as shall be necessary OK desirable to accomplish the purposes of this Resolution and to comply with and perform the obligations of the Municipality under the Series R Bonds, the Loan Agreement and the Indenture. 17. (:enera1 Author i %at ions. The Mayor ;ant1 1 I1c I )* In the event that the Mayor or the Clerk shall be office to per€orm in timely fashion any of the duties specified unable by reason of death, disability, absence or vacancy of herein (such as the execution of Series B Bonds, the Bond Purchase Agreement, the Loan Agreement, the Indenture or the assignments of the Series B Promissory Note and the Mortgage), such duties shall be performed by the officer or official suc- ceeding to such duties in accordance with law and in the ordin- ances of the Municipality. 18. Election Under the Internal Revenue Code. The Municipality hereby elects to have the provisions of Section 103(b)(6)(D) of the Internal Revenue Code of 1954, as amended, applied to the issuance of the Bonds. The Mayor, Clerk or either of them are authorized to execute and file, €or and in the name of the Municipality, such documents as may be neces- sary or appropriate to ef€ectuate said election. 19. Effective Date; Conformity. This Resolution shall be efEective immediately upon its passage and approval. To the extent that any prior resolutions'of tgis body'are inconsistent with the provisions hereof, this Resolution shall control and such prior resolutions shall be deemed amended to such extent as may be necessary to bring them in conformity with this Resolution. ~. e City of Muskego, Wisconsin, was adopted, approved and recorded on The foregoing resolution of the Common Council o€ the , 19 . - Mayor Clerk -12- .. CERTIFICATIONS BY CLERK depose and certify that I am the duly elected, qualified and acting Clerk o€ the City of Muskego, in the County of Waukeshil, State of Wisconsin, and as such I have in my possession, ~r have accew to, the complete corporate records of said City and of its Common Council; that I have carefully compared the transcript hereto attached with the aforesaid corporate records; that said transcript hereto attached is a true, correct and complete copy of all the corporate records in relation to the adoption of Resolution No. entitled: I, Charlotte Stewart, being first duly sworn, do hereby @ BOND RESOLUTION AUTHORIZING $1,000,000 INDUSTRIAL DEVELOPMENT REVENUE BONDS, (PRECISION SCKEW THREAD CORP. PROJECT) CITY OF MUSKEGO, WISCONSIN SERIES B I do hereby further depose and certify as follows: 1. Said resolution was considered for adoption by the Common Council at a meeting held in the City Hall at meeting of the Common Council and was held in open session in compliance with Subchapter IV of Chapter 19 of the Wisconsin Statutes. P.M. on " . . , 1980. Said meeting was a "_ - - " - " " - - - -. - - 2. Said resolution was on the agenda for said meeting and public notice thereof was given not less than 24 hours prior to the commencement of said meeting in compliance with Section 19.84 of the Wisconsin Statutes, including, without limitation, by posting on the bulletin board in the City Hall, by notice to meetings and by notice to the official newspaper of the City. those news media who have filed a written request for notice of Gottfried, Mayor, who chaired the meeting. Upon roll I noted and recorded that the following Aldermen were present: 3. Said meeting was called to order by Jerome J. ~ ~ "" ~" "" ~ """- ~ """" ~ "" ~ ~ ""_ ~ "" ~ and that the Eollowing Aldermen were absent: e 1 noted and recorded that a quorum was present. Various matters and business were taken up during the course of the meeting without intervention of any closed session. One of the matters taken up was said resolution which was introduced and its adop- tion was moved by Alderman , and seconded by Alderman . FollowGZmscsion and after all Aldermen who desirebto do so had expressed their views for or against said resolution, the question was called and upon roll the recorded vote was as follows: sr; being called and the continued presence of a quorum being noted, Aye: ___~ - - Nay : _"._~""""I_- "_" "~ Abstain: a Whereupon recorded the Mayor declared said resolution adopted, and I so it. 4. Said resolution was approved by the Mayor on , 1980, and I have so recorded. ~ "" ~ IN WITNESS WHEREOF, I have signed my name and aEEixed the seal OF the City hereto on this day oE ___ - " - - - I 1980. [Municipal Seal] c 1 e - STATE OF WISCONSIN ) COUNTY OF ; ss e Subscribed and sworn to before me this day, the date last above written. "_ - -. - " Notary Pmc My commission expires: [Notarial Seal]