CCR1999002111'.
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COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #2-99
PREPAYMENT OF ADVANCES OWED TO THE CITY BY THE WATER UTILITY
WHEREAS, In 1991, the City advanced to the Water Utility $4,001,675 which was due
to be repaid in installments through the year 201 1, and
WHEREAS, The Water Utility presently has funds available to repay a portion of the
funds advanced by the City so that the City can use those funds to defease general
obligation debt of the City; and
WHEREAS, The Finance Committee has recommended prepayment of a portion of the
funds advanced to the Water Utility by the City.
NOW, THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego does hereby approve that the Water Utility repay $1,010,000 to the City of
Muskego.
DATED THIS ~ 12TH DAY OF JANUARY, 1999.
SPONSORED BY:
FINANCE COMMllTEE
Ald. Mark Slocomb
Ald. David Sanders
Ald. Nancy Salentine
This is to certify that this is a true and accurate copy of Resolution #2-99 which was
adopted by the Common Council of the City of Muskego.
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