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CCR1979223ne1121979 COMMON COUNCIL OF THE CITY OF MUSKEG0 RESOLUTION NO. 223-74 BOND RESOLUTION AUTHORIZING $1,300,000 CITY OF MUSKEGO. WISCONSIN INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES A (PEERLESS GEAR AND ENGINEERING, INC. PROJECT) I. WHEREAS, the City 'of Muskego, Wisconsin (the 'existing under and pursuant to the laws of the State of "Municipality"), is a municipal corporation organized and Wisconsin and is authorized by Sect ion 66.521 Wisconsin Statutes, as amended (hereinafter sometimes referred to as the "Act"), to: bonds to finance all or any part of the issue industrial development revenue costs of the construction, equipping, reequipping, acquisition, purchase, rehabilitation, improving, supplementing, installation, reconstruction, rebuilding maintaining, repairing, enlarging, extending or remodeling of a project which qualifies under the Act and the improvement of the site therefor; and enter into a revenue agreement with an eligible participant pursuant to which said project to be constructed and to pay the eligible participant agrees to cause the Municipality an amount of funds sufficient to provide for the 'prompt payment when due of the principal of and interest on said industrial development revenue bonds; and WHEREAS, Robert Agenten, an individual, residing in the State of Wisconsin (the "Borrower"), has heretofore revenue bonds to Einance a project on behalf of the Borrower requested the Municipality to issue industrial development as an eligible participant under the Act; and B 4 b 0 WHEREAS, this body has heretofore found and determined that said project consisting of a building, machinery and equipment for the purpose of manufacture and fabrication of machinery parts (hereinafter called the "Project") is a qualified "project" within the meaning of the Act and that the Borrower is an "eligible participant" within the meaning of the Act; and WHEREAS, on March 27, 1979, this body adopted an that the Municipality would issue industrial development revenue initial resolution pursuant to the Act wherein it was resolved bonds to finance the Project, subject however, to the satisfaction of certain conditions including the approval by this body of the terms of the bonds -and the revenue agreement described in said initial resolution; and WHEREAS, on March 29, 1979, notice of the adoption of the initial resolution was published in accordance with Sect ion (10) of the Act, and no sufficient petition has been filed with the Clerk requesting a referendum on the question oE and the issuance of said industtial development revenue bonds; WllEKEAS, the Borrower has now requested that the Munici- pality provide lor the issuance of $1,300,000 principal amount of industrial development revenue bonds upon the terms set forth in this Resolution (as herein described, the "Series A Bonds"); and WHEREAS, in connection therewith the Borrower has presented the Municipality with proposed documentation for the Series A Bonds, as follows: (a) a Bond Purchase Agreement, to be dated as - of the date of adoption of this Bond Reso- lut ion (the "Bond Purchase Agreement"), to be entered into by and among the Municipality, the Borrower, Peerless Gear and Engineering, Inc., a Wisconsin corporation (the "Guarantor") and the institutional investor identified therein, setting forth the terms and condi- tions on which the Municipality will sell and said investor will purchase the Series A Bonds; and (b) an Indenture of Trust, to be dated as of December 1, 1979 (the "Indenture"), to be entered into between the Municipality and the corporate trustee hereinafter designated (the "Trustee"), providing for the creation of the Series A Bonds, the terms thereof and the security therefor; and - 2- (c) a Loan Agreement, to be dated as of December 1, 1979 (the "Loan Agreement"), to be en- tered into between the Municipality and Series A Bond proceeds to the Borrower the Borrower providing €or a loan of the on repayment terms scheduled to provide the Municipality with revenues sufficient to retire the Series A Bonds in accordance with their terms; and (d) a Promissory Note, to be dated December 1, 1979 (the "Promissory Note"), to be issued by the Borrower payable to the order of the Municipality in the principal amount of $1,300,000 as evidence of the borrowing provided for in the Loan Agreement and to be assigned by the Municipality to the Trustee; and (e) a Mortgage, to be dated as of December 1, 1979 (the "Mortgage"), from the Borrower to the Municipality, and from the Municipality to be assigned to the Trustee, providing collateral security obligations under the Loan Agreement; for the performance of the Borrower's and (f) a Guaranty Agreement, dated as of December 1, 1979 (the "Guaranty Agreement"), be- tween the Guarantor and the Trustee; and (g) a Lease, dated as of December 17, 1979 (the "Lease"), between the Borrower and the Guarantor; and (h) a Subordination and Attornment Agreement, dated as of December 1, 1979 (the "Attorn- ment Agreement"), between the Guarantor and the Trustee; and (i) a Subordination Agreement, dated as of December 1, 1979 (the "Guarantor's Sub- ordination"), by the Guarantor; and (j) a Subordination Agreement, dated as of December 1, 1979 (the "Hoppe Subordinat ion"), by Waldemar Hoppe; and -3- b e- (k) a Subordination Agreement, dated as of December 1, 1979 (the "Agenten Subordina- tion"), by Agenten Enterprises, Inc., a Wisconsin corporation. WHEREAS, in accordance with the Act, this Resolution and the aforesaid instruments and documents, the Series A Bonds and interest thereon shall never constitute an indebtedness of provision or statutory limitation and shall not constitute or the Municipality within the meaning of any State constitutional give rise to a pecuniary liability of the Municipality or a charge against its general credit or taxing powers; and WHEREAS, it is in the public interest of the Municipality to encourage and promote the development of projects such as the Project in order to realize public benefits such as, but not opportunities for the citizens o€ the Municipality; the stimula- limited to, the provision and retention of gainful employment tion of the flow o€ investment capital into the Municipality with resultant beneficial effects on the economy in the Mun'i- cipality; and the preservation and enhancement of the Munici- pality's tax base; and WHEREAS, the development of the Project and the issuance of Bonds to finance the Project as herein recited will, in the judgment of this body, serve the intended accom- plishments of public purpose and in all respects conform to the provisions and requirements of the Act; NOW, THEKEFOKE, BE IT RESOLVED: 1. Findings and Determinations. It has been found and determined- and is hereby declared: (a) that the Project is a qualiEied "project" under and for the purposes of the Act; (b) that the Borrower is a qualified "eligible participant" under and for purposes of the Act; (c) that the Loan Agreement meets the require- ments of a "revenue agreement" under and for purposes of the Act; (d) that the estimated aggregate cost of providing the Project and paying the costs incident to the financing is not less than $1,300,000; and -4- (e) that the payments required to be made by suf€icient in amount to pay when due the the Borrower under the Loan Agreement are principal of, premium, if any, and interest on the Series A Bonds. pality shall borrow. but onlv in the manner herein recited. the 2. Authorization to Borrow and to Lend. The Munici- sum of $1,300,000 for the puipose of (i) Einancing the costs oE providing the Project, (ii) paying the costs of issuing and selling the Series A Bonds, and (iii) paying such other costs related thereto as are permitted to be paid with bond proceeds under the Act. Said borrowing shall be accomplished Act. The Municipality shall lend the sum of $1,300,000 to the through the sale of the Series A Bonds issued pursuant to the Borrower pursuant to the terms of the Loan Agreement, which borrowing shall be evidenced by the Promissory Note and secured by the Mortgage. ~ ~~~~~~~ ,- Series A Bondsrreated for Issuance. The Series A Bonds shall be issued in the principal amount of $1,300,000 and shall 3. Designation, Denomination, Tenor and Maturity of be designated: INDUSTRIAL DEVELePMENT REVENUE BONDS, SERIES A CITY OF MUSKEGO, WISCONSIN (PEERLESS GEAR AND ENGINEERING, INC. PROJECT) the schedule provided in the table below: The Series A Bonds shal-1 mature in accordance with (December 1 oE the Year) December 1, 1980 December 1, 1981 December 1, 1982 December 1, 1983 December 1, 1984 December 1, 1985 December 1, 1986 December 1, 1987 December 1, 1988 December 1, 1989 December 1, 1990 December 1, 1992 December 1, 1991 December 1, 1993 December 1, 1994 Maturity Date Pr incipal Amo un t $ 45,000 50,000 55,000 60,000 65,000 80,000 70,000 85,000 95,000 90,000 105,000 - 110,000 120,000 130,000 140,000 Interest Rate a. 14% 8.14 8.14 8.14 8.14 8.14 8.14 8.14 8.14 8'. 14 8.14 8.14 8.14 8.14 8.14 -5- 0 The Series A Bonds shall bear interest from their date at the respective rates per annum set €orth in the schedule in the table above. Interest shall be payable on December 1, 1980, and annually thereafter on the first day of December in each calendar year until paid. The Series A Bonds shall be issuable as one or more fully registered bonds without coupons in denominations of $5,000 or any integral multiple thereof and may cover more than one maturity. The Series A Bonds shall not be issuable as or exchangeable into coupon bonds. Fully registered Series A Bonds and the interest thereon shall be transferable by and shall be payable to the registered owners thereof in the manner and with the effect provided in the Indenture. The principal of, premium, if any, and interest on the Series A Bonds shall be payable in lawful money of the United States of America at the principal corporate trust office of the Trustee, as paying agent, or the office of any successor or additional paying agent designated by the Municipality and approved by the Borrower. B The Series A Bonds shall be dated December 1, 1979, 0 except in the case of fully registered Series A Bonds issued and authenticated after the first interest payment date which shall be dated in accordance with the provisions therefor without coupons shall be lettered with the prefix "AR" and provided in the Indenture. Fully registered Series A Bonds consecutively from 1 upwards in the order of their issuance. The Series A Bonds shall be issued in the respective forms therefor as set Eortt, in the Indenture, with such insertions therein as shall be necessary to comply with the terms of this Resolution and with such corrections therein, if any, as the of this Resolution, the Indenture and the Act. approving bond attorney may require for conformity with the terms The Series A Bonds shall be executed on behalf of the Munici- 4. Execution and Authentication of Series A Bonds. pality with the facsimile or manual signature of its Mayor, countersigned with the manual signature of its Clerk and shall have impressed, imprinted or otherwise reproduced thereon the official seal of the Municipality OK a facsimile thereof. No. Series A Bond shall be issued unless first authenticated by authorized officer of the Trustee on each Series A Bond. the Trustee, to be evidenced by the manual signature of an 1 0 5. Designation oE Trustee. The Municipality hereby designates and appoints First Wisconsin Trust Company, Milwaukee, IJisconsin, to perform the functions of the Trustee bond registrar and paying agent under the Indenture. -6- 6. Additional Bonds. Bonds in addition to the Series A Bonds may be issued from time to time under the Indenture subject to the terms and conditions therein provided and subject to the approval of this body. If so issued, such additional Bonds shall rank equally and on a parity with the Series A Bonds. The Series A Bonds and any such additional Bonds are hereinafter collectively referred to as the "Bonds". 7. Series A Bonds as Limited Obligations. The Series A general obligation of the Municipality or an indebtedness of the Bonds and interest thereon shall never be or be considered a Municipality within the meaning of any State constitutional provision or statutory limitation and shall not constitute or give rise to a pecuniary liability of the Municipality or a charge against its general credit or taxing powers. Series A Bonds shal~l be limited obligations of the MuniciDalitv 8. Source of Payment; Pledge of Revenues. The r payable by it solely from revenues covnsisting of (i) income anb revenue derived by or for the account of the Municipality from OK for the account of the Borrower pursuant to the terms of taxes, expenses and indemnity payments which may become due to the Municipality), (ii) all net proceeds realized upon recourse to the Mortgage and any other collateral given to secure the Borrower's obligations under the Loan Agreement, and (iii) moneys held in trust Funds created under the Indenture. D the Promissory Note and the Loan Agreement (except certain e nium, if any, and interest on the Bonds, the Municipality shall As security for the payment of the principal of, pre- pledge and assign to the Trustee all of its right, title and interest in and to the Promissory Note, the Loan Agreement (ex- cept for its rights to receive and enforce payment of certain taxes, expenses and indemnity payments Erom the Borrower as set forth in the Indenture and the Loan Agreement), the Mortgage and the trust funds held by the Trustee under the Indenture. 'The Series A Bonds shall be subiect to redemption prior to 9. Redemption of Series A Bonds Prior to Maturity. maturity as provided in the Indenture and summarized below: (a) Extraordinary Event Redemption. Upon OK within one year following the occurrence of ' any oE the extraordinary events specif ied in the Indenture, the Borrower shall have the option of having the Series A Bonds redeemed in whole (but not in part) at 100% of the Y - l- principal amount thereof, plus accrued in- terest to the redemption date, and without premium. (b) Mandatory Redemption in Event of Tax Violation. The Series A Bonds shall be subject to mandatory redemption in whole upon the occurrence of a "taxable event" (relating to interest on the Series A Bonds) as defined in the Indenture at 100X of principal amount, plus accrued interest to the redemption date and without premium. (c) Optional Kedempt ion. The Series A Bonds shall be subject to redemption prior to maturity by as a whole at any time, or in part in inverse the Municipality (at the Borrower's direction) order of maturity and within a maturity by lot on any interest payment date, at 100% of prin- cipal amount, plus accrued interest to the re- demption date and without premium. maturity shall he given in the manner provided in the Inden- Not ice of any redemption of Series A Bonds prior to stated +ture. The principal of, premium, iE any, and interest on Series A Bonds called for redemption as aforesaid shall be payable solely from moneys held by the Trustee under the Indenture and available therefor, including moneys derived from the 8orrower for such purpose pursuant to the Loan Agreement. 10. The followifig described Trust Funds shall be created under the Indenture to be held in the custody of the Trustee and applied for the uses and purposes provided in the Indenture (summarized below) : (a) Issuance Expense Fund. The estimated amount of the Series A Bond issuance costs will be deposited into the Issuance Expense Fund from the proceeds o€ the sale of the Series A Bonds and will be applied upon requisition of the Borrower to the payment OE such costs. After certification by the Borrower that all such costs hav.e been pa?-4, any remaining balance in the Issuance Ex- pense Fund shall be transferred to the Construct ion Fund. Investment earnings on the Issuance Expense Fund shall be for the account of the Issuance Expense Fund. -a- a (b) Construction Fund. The proceeds from the sale of the Series A Bonds (exclusive of accrued interest and the amount deposited into the Issuance Expense Fund) will be deposited into the Construction Fund. Moneys in the Construction Fund will be applied to the payment of Project costs upon requisition of the Borrower as pro- vided in the Loan Agreement. After certi E ication by the Borrower that the Project has been completed and that cer- tain other conditions have been satisfied, any remaining balance in the Construction Fund shall be transferred to the Surplus Fund. Investment earnings on the Construc- tion Fund shall be transferred to the Bond Fund to pay interest on the Series A Bonds during the construct ion period. (c) Bond Fund. The accrued interest received upon the sale of the Series A Bonds and all payments~ from or for the account of the Borrower on the Promissory Note (except prepayments of principal and premium, if any, required to be deposited into the Opt ional Redemption Fund) shall be deposited into the Bond Fund. Moneys in the Bond Fund shall be used for the payment of the prin- cipal oE and interest on the Bonds when due. (d) wional Redemption Fund. Prepayments by the Borrower of princiDal on the Promissory Note together wi'th the' premium, if any, shall be deposited into the Optional Re- demption Fund. In addition, under certain circumstances moneys may be transferred to the Optional Redemption Fund from other Trust Funds. Moneys in the Optional Re- demption Fund may be (i) transferred to the principal of any Bonds called for redemption Bond Fund when and as required to pay the in accordance with the Indenture; (ii) used Lo pay any premiums payable on Bonds called Fund to make the final payment of principal on for redemption, (iii) transferred to the Bond the Bonds, or (iv) to the extent not needed Cor the purposes described in clauses (i) and (ii) used at the direction of the Borrower to purchase Bonds For cancellation. -9- e a Surplus Fund. Surplus moneys in the Con- struction Fund shall be transferred to the Surplus Fund. At the direction of the Bor- rower, moneys in the Surplus Fund may be (i) transferred to the Optional Redemption Fund, (ii) used to purchase Bonds for can- cellation, or (iii) used to pay or reimburse the Borrower for costs of depreciable property necessary to complete the Project or an additional project. Special Series A Interest Compensation Fund. The Special Series A Interest Compensation Fund shall be funded and used Eor'the pur- poses described in the Loan Agreement and the Indenture upon the occurrence of a "Taxable Event" in certain circumstances. 11. Other Trust Funds. There is hereby created by the Municipality and ordered established,-if necessary. w-ith the Trusiee fbnds in which there shall.be deposited-such net proceeds of certain sales, insurance and condemnation awards as may be provided in the Loan Agreement and the Indenture. The Trustee is authorized to withdraw funds from said trust funds for application as provided in the Loan Agreement and the Indenture. 12. Investment of Trust Funds. Any moneys held as a part of the trust funds held by the Trustee under the Indenture may be invested and reinvested by the Trustee upon obligations of the United States of America ("Government Obli- request by the Eorrower in (i) direct, full faith and credit gations"), (ii) securities which are unconditionally guaranteed as to both principal and interest by the United States of Ameri- ca, (iii) obligations of any of the following: Banks for Co- operatives, Federal Financing Bank; Federal Land Banks, Federal Home Loan banks, Federal Intermediate Credit Banks, Federal National Mortgage Association, Export Import Bank of the United States OK Government National Mortgage Association, (iv) bank repurchase agreements fully secured by Government Obligations, and (v) interest-bearing accounts, time deposits and certificates of deposit issued by any bank, trust company or national banking association (including the Trustee and any affiliate of the excess of $1,000,000, but in no event shall the amount invested Trustee) which has capital, surplus and undivided profits in at any one time, in interest-bearing accounts, time deposits and national banking association equal or exceed 20% of the capital, certificates of deposit issued by any one bank, trust company or surplus and undivided proEits of such bank, trust company or national banking association. -10- necessarv in each vear to pay the principal of, premium, if 13. Determinat ion of Revenue Payment. The amount any, and' interest on the Series A Bonds 1s the.s;m of (i) with the table in paragraph 3 of this Resolution (as reduced the amount of principal becoming due in such year in accordance from time to time by reason of prior redemptions and open - market purchases of Series A Bonds in accordance with the Indenture); plus (ii) the principal amount of Series A Bonds to be redeemed in such year in accordance with a call for redemp- tion made in accordance with paragraph 9 of this Resolution and the Indenture, plus the premium, if any, payable with respect thereto; plus (iii) the amount of interest on the Series A Bonds becoming due in such year in accordance with the interest rates specified in the table in paragraph 3 of this Resolution. In expressing the Borrower's obligation to make the necessary revenue payments, it shall suffice herein and in the Loan Agreement to state that the Borrower shall be obligated to pay the Municipality (or.the Trustee for the account of the Municipality) amounts suffic'ient to pay when due the principal of, premium, if any, and interest on the Bonds. The Loan Agreement contains provisions, adequate vide for the maintenance of the Project and the carrying of in the judgment of this body, requiring the Borrower to pro- all proper insurance with respect thereto. Consequently, the Borcower need not be required to pay amounts into any reserve funds for the retirement oE the Series A Bonds or for the maintenance of the Project. 1 1 15. Award of Series A Bonds; Execution and Delivery of the Bond Purchase Agreement. The Borrower has negotiated for the sale of the Series A Bonds to the institutional investor at a price of 100% of the principal amount of the Series A Bonds, plus accrued interest to the date of delivery. Given the purposes of the financing and the involvement of the Municipality therewith, it is the determination of this body that the Series A aforesaid with delivery to follow in the manner, at the time and Honds shall be hereby awarded to the Bond Purchaser at the price subject to the conditions set forth in the Bond Purchase Agreement. As evidence thereof, the Mayor and the Clerk are hereby authorized and directed for and in the name of the Municipality to execute, affix with the official seal of the Municipality and deliver 'the Bond Purchase Agreement in the form presented herewith, or with such insertions therein or correct ions thereto as shall be approved by the Mayor and Clerk consistent with this Resolution and the terms of the Act, their execution thereof to constitute conclusive evidence of their approval of any such insertions and corrections. L! designated in the Bond Purchase Agreement (the "Bond Purchaser") 3 9 a -11- 16. Execution and Delivery of the Loan Agreement e and the Indenture; Assignment of the Promissory Note and the Mortgage. The terms and provisions of the Promissory Note, the Loan Agreement, the Mortgage, the Guaranty Agreement, the Lease, the Attornment Agreement, the Guarantor's Subordination, the Hoppe subordination, the Agenten Subordination and the Indenture are hereby approved. The Mayor and the Clerk are hereby authorized for and in the name of the Municipality to execute, affix with the official seal of the Municipality and deliver the Loan Agreement, the Indenture and the assignments of the Promissory Note and the Mortgage in the respective forms thereoE presented herewith, or with such insertions therein or corrections thereto as shall be approved by the Mayor and Clerk consistent with this Resolution and the terms of the Act, their execution thereof to constitute conclusive evidence of their approval of any such insertions and corrections. I B D 17. Execution and Delivery of the Series A Bonds. 9 to the terms and conditions of the Bond Purchase Agreement, the The Mayor and the Clerk are hereby authorized for and in the name of the Municipality to execute the Series A Bonds in the manner authorized by paragraph 4 of this Resolution. Subject Municipality shall deliver the Series A Bonds to the Bond Pur- @ chaser. 18. General Authorizations. The Mayor and the Clerk and the appropriate deputies and officials of the Munici- pality in accordance with their assigned responsibilities are hereby each authorized to execute, publish, file and record pursuant to Wis. Stats. §893.23) and records and to take such such other documents, instrements, notices (including notice other actions as shall be necessary OK desirable to accomplish the purposes of this Resolution and to comply with and perform the obligations of the Municipality under the Series A Bonds, the Bond Purchase Agreement, the Loan Agreement and the Indenture. 1r1 the event that the Mayor or the Clerk shall be unable by reason of death, disability, absence or vacancy of herein (such as the execution of Series A Bonds, the Bond oEfice to perform in timely fashion any of the duties specified Putchase Agreement, the Loan Agreement, the Indenture or the assignqents of the Ptomissory Note and the Mortgage), such duties shall he performed by the officer or official succeeding to such duties in accordance with law and in the ordinances of the Municipality. 1 ) 0 ! Municipality hereby elects to have the provisions of Section 19. Election Under the Internal Revenue Code. The 103(b)(6)(0) of the Internal Revenue Code of 1954, as amended, -12- applied to the issuance of the Bonds. The Mayor, Clerk or either of them are authorized to execute and file, for and in or appropriate to effectuate said election. the name of the Municipality, such documents as may be necessary 20. Effective Date; Conformity. This Resolution To the extent that any prior resolutions of this body are shall be effective immediately upon its passage and approval. inconsistent with the provisions hereof, this Resolution shall control and such prior resolutions shall be deemed amended with this Resolution. to such ex&ent as may be necessary to bring them in conEormity * * * * * The foregoing resolution of the Common Council Of the City of Muskego, Wisconsi.n, was adopted, approved and recorded on January 8 -13- CERTIFICATIONS BY CLERK depose and certify that 1 am the duly elected, qualified and I, Bette Bowyer, being first duly sworn, do hereby acting Clerk of the City of Muskego, in the County of Waukesha, access to, the complete corporate records of said City and of its State oE Wisconsin, and as such I have in my possession, or have Common Council; that I have carefully compared the transcript hereto attached with the aforesaid corporate records; that said of all the corporate records in relation to the adoption of transcript hereto attached is a true, correct and complete copy Resolution No. 223 - 7% ent it led : BOND RESOLUTION AUTHORIZING $1,300,000 CITY OF MUSKEGO, WISCONSIN INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES A (PEERLESS GEAR AND ENGINEERING, INC. PROJECT) I do hereby further depose and certify as follows: 1. Said resolut-ion was considered for adoption bv the Common Council at a meetine held in the Citv Hall at LU P.M. on January 8 , 1980. Said meeting wasa regular meeting of the Commbn Council and was held in open session in " , ~~ ~~ compliance with Subchapter IV of Chapter 19 of khe Wisconsin Statutes. and public not ice thereof was given not less than 24 hours prior 2. Said resolution was on the agenda for said meeting to the commencement of said meeting in compliance with Section 19.84 of the Wisconsin Statutes, including, without limitation, by posting on the bullet in board in the City Hall, by notice to those news media who have filed a written request for notice of meetings and by notice to the official newspaper of the City. 3. Said meeting was called to order by Jerome S. Gottfried, Mayor, who chaired the meeting. Upon roll I noted and recorded that the following aldermen were present: Ald. Kenneth Pietruszynski Ald. Ralph R. Tomczyk ~ALllichaeLLAeed Ald. Wayne Salentine ~dd_RQnd.dJ- Ford ~__Ald,._Thomas-J. Van Lanen .-Bl.dLEdwinP.,-Dumke - " " and that the following aldermen were absent: -~ None and business were taken up during the course of the meeting I noted and recorded that a quorum was present. Various matters e without intervention of any closed session. One of the matters taken up was said resolution which was introduced and its adop- tion was moved by Alderman Ronald J, Ford , and seconded by 'aldermen who desired to do so had expressed their views for or Alderman &&,h R. TO~I. Following discussion and after all against said resolution, the question was called and upon roll being called and the continued presence of a quorum being noted, the recorded vote was as follows: Aye: Ald. Kenneth Pietrusunski. Ald. Ralph R. Tomczyk ad. Mkbe1 B. weed Ald. Wayne Salentine Ald. Ronald J. Ford Ald. Thomas J. Van Lanen _- Ald. Edwin E. Dumke Nay: a " - Abstain: None Whereupon the Mayor declared said resolution adopted, and I SO recorded it. 4. Said resolution was approved by the Mayor on JBUL& 7 19~ and I have so recorded. IN WITNESS WHEREOF, I have signed my name and affixed the seal of the City hereto on this 9th day of January , 19 80. STATE UF WISCONSIN ) COUNTY OF MILWAUKEE ) ) ss Subscribed and sworn to before me this day, the date last above written. [Notarial Seal] r .. - -ii- 8 c, .~ - c-~ _.. - _,i .""