CCR1985097RESOLUTION 1\97-85
RESOLUTION AUTHORIZING EHLERS AND ASSOCIATES, INC.
TO SOLICIT COMPETITIVE PROPOSALS FOR NOT TO EXCEED $2,500,000
GENERAL OBLIGATION PROMISSORY NOTES FOR THE CITY OF MUSKEG0
WHEREAS, the City of Muskego, Waukesha County, Wisconsin, is
presently in need of $2,500,000 for public purposes, including
paying part of the costs of water and sewer system improvements
and extensions, street improvements, storm drainage projects and
expansion of the City Hall and Library; and
WHEREAS, it is desirable to borrow said funds through the
issuance of promissory notes pursuant to Section 67.12(12), Wis.
Stats. ; and
WHEREAS, it is now found by this Common Council to be in the best
interests of the City that said notes be publicly offered for
sale.
NOW, THEREFORE, BE IT RESOLVED that:
$2,500,000 General Obligation Promissory Notes for said purposes
1. This Common Council hereby authorizes the issuance of
in accordance with the official Notice of Sale attached to this
resolution and as determined at public sale.
Note Sale attached to this resolution to be published in such
newspapers and at such times as the Clerk may determine and cause
pertinent data to be sent to interested bidders and published as
copies of the complete, official Notice of Sale and other
the Clerk may determine.
2. The Clerk shall cause copies of the abbreviated Notice of
consider such bids as may have been received and take action
thereon.
3. At a meeting on June 5, 1985, the Common Council shall
4. The Clerk shall cause an Official Statement concerning
Ehlers and Associates, Inc., and the appropriate City officials
this issue to be prepared by the City's financial consultants,
shall certify said Statement, such certification to constitute
full authorization of such statement under this resolution.
DATED THIS J44, DAY OF &A / 9 1985.
(I
ATTEST :
Mayor Wayne G. Salentine
Cit Clerk
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