CCR2016041-GO Notes
COMMON COUNCIL – CITY OF MUSKEGO
RESOLUTION #041-2016
RESOLUTION PROVIDING FOR THE SALE OF
GENERAL OBLIGATION PROMISSORY NOTES FOR
MUNICIPAL BUILDING PROJECTS
WHEREAS the City of Muskego, Waukesha County, Wisconsin (the "City") is undertaking
the construction and remodeling of a new City Hall, Police Station and Public Works building (the
"Project");
WHEREAS it is desirable to borrow the funds needed to finance a portion of the Project
through the issuance of general obligation promissory notes pursuant to Section 67.12(12), Wisconsin
Statutes; and
WHEREAS it is necessary and desirable that notes in the principal amount of $7,125,000 be
issued now to pay a portion of the cost of the Project.
NOW, THEREFORE, BE IT RESOLVED that:
Section 1. The Notes. The City shall issue its General Obligation Promissory Notes, Series
2016A, in an amount not to exceed $7,125,000 (the "Notes") for the purpose above specified.
Section 2. Sale of Notes. The Common Council hereby authorizes and directs that the sale of
the Notes be negotiated with Hutchinson, Shockey, Erley & Co. At a subsequent meeting, the
Common Council shall consider the proposed terms of the Notes and take action to approve the
issuance and sale of the Notes.
Section 3. Official Statement. The City Clerk shall cause an Official Statement concerning
this issue to be prepared. The appropriate City officials shall determine when the Official Statement is
final for purposes of Securities and Exchange Commission Rule 15c2-12 and shall certify said
Statement, such certification to constitute full authorization of such Statement under this resolution.
Adopted, approved and recorded June 14, 2016.
_____________________________
Kathy Chiaverotti, Mayor
ATTEST:
____________________________
Sharon Mueller, City Clerk (SEAL)
QB\\40173169.1