CCR1998016COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #16-98
PRELIMINARY RESOLUTION DECLARING INTENT
TO EXERCISE SPECIAL ASSESSMENT POLICE POWERS
UNDER 566.60 WI STATUTES AS TO SANITARY SEWER ASSESSMENT
(Project MSS-2-98; Assessment District "SR")
AREA FOR MARTIN DRIVE SEWER PROJECT
RESOLVED by the Common Council of the City of Muskego, Wisconsin:
1.
2.
3.
4.
5.
6.
The Common Council hereby declares its intention to exercise
its police power under 566.60, Wisconsin Statutes, to levy
described area for special benefits conferred upon such
special assessments upon property within the following
property by installation of the sanitary sewers in streets
abutting the following property:
Martin Drive Sewer Project
(Project MSS-2-98; Assessment District "SR")
See Attached Map and Legal Description
The Common Council determines that the improvements
constitute an exercise of the police power and the amount
assessed against each parcel shall be based on front foot
and/or unit basis.
The assessment against any parcel may be paid in cash or in
annual installments.
The City Engineer shall prepare a report which shall consist
of:
A. Final plans and specifications for the improvements.
B. An estimate of the entire cost of the proposed sewer
improvement project.
C. Schedule of proposed assessments.
When the report is completed, the City Engineer shall file a
copy of the report with the Clerk-Treasurer for public
inspection.
Upon receiving the report of the City Engineer, the
Clerk-Treasurer shall cause notice to be given stating the
nature of the proposed improvement, the general boundary
thereof, the time and place at which the report may be
lines of the proposed assessment area, including a small map
inspected, and the time and place of the public hearing on
the matters contained in the Preliminary Resolution and the
report. This notice shall be published as a Class 1 Notice
and a copy shall be mailed at least ten (10) days before the
hearing to every interested party.
Resolution #16-98 Page 2
7. Some of the proposed assessments may or may not be deferred
by further action of the Common Council.
8. The hearing shall be held at City Hall at a time set by the
Clerk-Treasurer in accordance with §66.60(7), Wisconsin
Statutes.
DATED THIS 21th DAY OF JANUARY , 1998.
This is to certify that this is a true and accurate copy of
Resolution #16-98 which was adopted by the Common Council of the
City of Muskego.
1/98jmb ,
.
January 22,1998
LEGAL DESCRIPTION
Assessment District "SR"
Project MSS-2-98
For: City of Muskego
All that part of the Southeast 114 of Section 4. and the Southwest 114 Of Section 3, TOW 5
North, Range 20 East, City of Muskego, Waukesha County, Wisconsin, more fully
described as follows:
AI1 those properties lying pardel and adjacent to the right-of-way of Martin Drive from
165 feet east of Lannon Drive 1.0 East Drive.
Richard Eberhardt, P.E., RLS
RAE/sjd
~:\CL16Nnl3\1392090,ZOO\XO~~gnl dc!criptian1998012ZAsscssment District SRdoc
13-92090.200
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W23Y NIX12 ROCKWOODDRNE
WAUKeSlIA. WISCONSIN 53188-1 113
1,414~542.5733
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NOT TO SCALE
/- ASSESSMENT
DISTRICT ,/ BOUNDARY
ASSESSMENT DISTRICT "SR"
SANITARY SEWER PROJECT
MSS-2-98
Ruekert Mlelke 1 hLW-7
(Sewer System Revenue Bonds)
Excerpts of Minutes of Open Meeting of the
Common Council of the City of Muskego
City of Muskego, Waukesha County, Wisconsin, was held in open
A duly-convened meeting of the Common Council of the
session on January 27, 1998 and called to order at P.M.,
Central Time. The following Alderpersons were present:
The following Alderpersons were absent:
The Mayor opened the meeting by announcing that this was an
open meeting of the Common Council. Notice of this meeting was
given to the public at least 24 hours in advance of the meeting
by forwarding the complete agenda to the official City newspaper,
the Muskeso Sun, and to all news media who have requested the
same as well as posting. Copies of the complete agenda were
available for inspection at the City Clerk's office. Anyone
desiring information as to forthcoming meetings should contact
the City Clerk's office.
0
(Here occurred matters not pertinent to the revenue bond
issue. )
e
The City Clerk announced that four (4) bids had been
received for the bond issue, which had been advertised for bids
pursuant to action of the Common Council. The City Clerk
respect to each such bid and read the following details as to
indicated that a $22,000 good faith deposit was provided with
each bid submitted:
SEE ATTACHED
JAN 27 '98 12:58Pn EHLERS & ASSOCIATES P. l/A
$1,100.000 Sewer System Revenue Bonds
City of Muskego, Wisconsin
- SALE: January 27.1998
m: BANC ONE CAPrAL CORPORATION
RATING: Mcaws Investors SeMce 'A2' - 881: 5.039" -
NAME OF BIDDER RATE YEAR PRICE INTEREST INTEREST
NET TRUE
BAUC ONE CAPITAL CORPORATION 4.00%
Milwaukee, Wisconsin 4.05%
4.15%
4.25%
4.30%
4.35%
4.40%
4.45%
4.55%
2000
1999 51,087.239.00 S329.652.67 4.5799%
2002
2001
2003
2004
2008
20052007
2009
0 Chicago, Illinois
GRIFFIN. KUBIK. STEPHENS a THOMPSON, INC. 4.40% 1999-2006 $1,090,790.00 $331.018.33
4.50% 2007-2009
4.5939%
MILLER 6 SCHROEDER FINANCIAL, INC. 4.10%
Minneapolis, Minnesota 4.15%
4.20%
4.30%
4.45%
4.55%
4.60%
4.65%
4.70%
4.75%
4.80%
1999 S1.095.200.00 5337.279.17
2000
2001
2003
2002
2004
2005
2006
2007
2008
2009
4.6!%4%
JOHN G. KINNARD 6 COMPANY
Minneapolis. Minnesota
Minneapolis, Minnesota
MILLER, JOHNSON a KUEHN, INC.
4.w% 1999
4.10% 2000
51.089,660.00 5336.802.50 4.6693%
4.20% 2001
4.30% 2002
4.40% 2003
4.45% 2004
4.% 2005
4.55% 2006
4.60% 2007
4.65% 2008
4.70% 2009 - -. . ". -
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