CCR1977014RESOLUTION #14-77
SETTING 6ND SALE FOR $4 310,000.00
Excerpts of Minutes of
Meeting of Common Council
Held January 25, 1977
e A regular meeting of the Conmon Council of the City of Muskego, Waukesha County, Wisconsin, was held in open session
the meeting to order at 8:OO P.M.
in the City Hall on January 25, 1977. Mayor Gottfried called
The following Aldermen were present:
The following were absent:
a-
I
(Here occurred business not pertinent to the bond issue.)
The following resolution was moved by Alderman
and seconded by Alderman
WHEREAS this Common Council has adopted two initial
resolutions authorizing bonds for the following pur-
poses and in the following amounts:
$1,420,000 for the purpose of constructing
sewers; and
police facilities;
$400,000 for the purpose of constructing
WHEREAS the sewer construction purpose does not presently
require the realization of all of the bonds authorized
for such purpose;
NOW, THEREFORE, BE IT XSOLVED that $910,000 of the
sewer issue and the police facilities issue be and
nated "Corporate Purpose Bonds" and that the City issue
they hereby are combined into one issue of bonds desig-
bonds in the amount of $1,310,000 for the purpose above
specified;
FURTHER RESOLVED that the City Clerk be and iiereby~is
directed to publish a Notice of Bond Sale in the abbre-
viated form attached to these minutes twice, one week
apart, in the official City newspaper, Eluskego- Su,n- . .-,-
L- - ., the last insertion of which shall be at least ten d i. ".
West, a newspaper devoted substantially to the publica-
days prior to the date of bond sale, and in Commercial
tion of notices to bidders;
FURTHER RESOLVED that the City Clerk shall cause copies
of the official Notice of Bond Sale to be forwarded to
prospective bidders, which Notice shall be in the fol-
lowing form, and the details pertaining to said .bonds
specified in said Notice are herewith adopted as and
for the details for said bonds:
NOTICE OF SALE
$1,310,000 CORPORATE PURPOSE BONDS
CITY OF P4IJSKEG0, WISCONSIN
NOTICE IS HEREBY GIVEN that the Common Council of the City
of Muskego, Waukesha County, Wisconsin, will neet at the City
Hall, Muskego, V7isconsin, on
C.D.T., to receive, open and consider bids for the purchase of
, 1977, at 8:00 P.M.,
$1,310,000 negotiable coupon general obligation Corporate Pur-
pose Bonds of the City issued $400,000 to construct police
facilities; and $910,000 to construct sewers, on the following
terms :
11 Date and Maturities
tion of $5,000 each and will mature on December 1 in the fol-
lowing years and mounts:
The Bonds will be dated March 1, 1977, will be in denomina-
Year (s) Amount Year (s) Amount
1979 $ 30,000
1980 35,000
1981 30,000
1982
1983
90,000
100,000
1984 $150,000
1985 75,000
1986/87 300,000
1988 200,000
Call Provisions
and prior payment in whole or from time to time in part in in-
verse numerical order at the option of the City on Decenber 1,
1985, or any interest payment date thereafter at 101% of par plus
accrued interest.
Bonds maturing .in 1986 through 1988 shall be subject.to call
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