CCR19901420
Alderman Hi It introduced the
following resolution and moved its adoption:
RESOLUTION NO. 142-90 ,
RESOLUTION AUTHORIZING EHLERS AND ASSOCIATES, INC.
TO SOLICIT COMPETITIVE PROPOSALS FOR NOT TO EXCEED
$2,460,000 GENERAL OBLIGATION PROMISSORY NOTES
OF THE CITY OF MUSKEGO, WAUKESHA COUNTY, WISCONSIN .- L
the City to issue general obligation promissory notes; and
WHEREAS, Wisconsin Statutes, Section 67.12(12) authorizes
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
& Associates to solicit proposals for not to exceed $1,790,000;
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 $2,460,000 General Obligation
WHEREAS, on May 8, 1990 the Common Council authorized Ehlers
BE IT FURTHER RESOLVED, that Ehlers h 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.
BE IT FURTHER RESOLVED, that the resolution adopted May 8,
1990 is recinded and replaced with this authorization.
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 32+ day of Mav , 1990.
Attest:
Mayor
a Clerk
EKARES 05/22/1990
Sub-total
Discount at 1.5%
Legal Opinion
Ehlers and Assaciates
Int. during consti-. 6 mo I Mcqady’s
Sub-tcatal f’ ~nance
Less Investmrnt earnings
Horrawing
Dated Date:
Date of fl’i-5t Interest
Date cnf First Principal
Goad Faith ChecI:
Minimum Price
Closing Oate:
Sale Date:
Maturities:
6/1/1990
12/1/1990
6/1/1992
2 423 ! 100
49 200
6/27/1990
6/12/199Cl
*, Callable June 1 I 1995 and any intereat date
thereafter at par- plus accrued interest.