CCR1990107Alderman introduced the
following resolution and moved its adoption:
RESOLUTION NO. 107-90
RESOLUTION AUTHORIZING EHLERS AND ASSOCIATES, INC.
TO SOLICIT COMPETITIVE PROPOSALS FOR NOT TO EXCEED
OF THE CITY OF MUSKEGO, WAUKESHA COUNTY, WISCONSIN
$1,790,000 GENERAL OBLIGATION PROMISSORY NOTES
WHEREAS, Wisconsin Statutes, Section 67.12(12) authorizes
the City to issue general obligation promissory notes: and
including sewer and water projects: and
WHEREAS, the City needs to finance public improvements,
advisor for the City of Muskego:
WHEREAS, Ehlers and Associates, Inc. is the financial
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
Associates, Inc. is authorized to solicit competitive proposals
City of Muskego, Waukesha County, Wisconsin, that Ehlers and
Promissory Notes of the City of Muskego.
for the purchase of not to exceed $1,790,000 General Obligation
BE IT FURTHER RESOLVED, that Ehlers & Associates is
authorized to prepare an Official Statement in behalf of the
issuer in accordance with Rule 15~2-12 of the General Rules and
Regulations, Securities Exchange Act of 1934.
The motion for the adoption of the foregoing resolution was
duly seconded by Alderman and upon a vote
being taken, the following voted in favor thereof:
and the following voted against the same:
whereupon said resolution was declared passed and adopted.
Adopted this -8fh day of Mav , 1990.
Mayor
Attest:
Clerk
Eh4RES 05/08/1990
Current Uate:
Issuer :
Pacine avenue water
Hillendale north of Lembcgeder sewer
Hillendale sewer south of Lembegeder sewer
Woods Road south sewer
Hillendate north of "L" sewer
Woods Road south water
Highway L to Crowbar sewer
Lake par!: easment
Sewer through lerra Development
Sewer in Valley View Subdivision
Contingencies 5 engineering
Project Costs:
&ake Park water
Tchult: Lana added cost
Sub-total
Uiscwnt at l.:X
Leqal Upinion
khlers and Associates
Mocady's
Int. during canstr. 6 mo
Sub-tutal finance
Sub-total Cost5
Less Investment earnings
Borrowing
Dated Date:
Uatz of first Interest
Date of First Principal
fiinimum Price
Good Faith Check
.. Sale Date:
Closing Date:
Maturities:
x Callable lune 1: 1995 and any interest date
thereafter at par plus accrued interest.