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CCR19990380 COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #38-99 INITIAL RESOLUTION AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION PROMISSORY NOTE TO FINANCE INFRASTRUCTURE COSTS OF COUNTYWIDE TRUNKED RADIO SYSTEM WHEREAS, Waukesha County, Wisconsin (the “County”) has proposed the implementation of a Countywide trunked radio system (the “Trunked Radio System”) for local government radio communications within the County: and WHEREAS, the City of Muskego, Waukesha County, Wisconsin (the “Municipality”) has determined that participation in the Trunked Radio System is necessary and advantageous to the Municipality; and WHEREAS, participation in the Trunked Radio System requires the Municipality to pay its share of the infrastructure cost of the Trunked Radio System; and WHEREAS, the Municipality’s obligation to pay such infrastructure cost is to be evidenced by the issuance to the County of a general obligation promissory note of the Municipality pursuant to the provisions of Section 67 12 (12). Wis. Stats., NOW, THEREFORE, BE IT RESOLVED BY THE Common Council (the “Governing Body”) of the Municipality that: 1 This Governing Body hereby authorizes the issuance of a general obligation promissory note (the “Note”) of the Municipality in an amount not to exceed $132,727 for the purpose of paying the Municipality’s share of the infrastructure cost of the Trunked Radio System. 2. The Note shall bear interest at the rate of 0% per annum and shall be payable in annual installments of principal over a term of nine (9) years from the date of issuance of the Note. 3. The final principal amount of the Note shall be established when the infrastructure costs of the Trunked Radio System are determined and the extent of participation by other municipalities in the County is known, The principal amount of the Note and other terms of the Note shall be subject to approval by subsequent resolution of this Governing Body. CITY OF MUSKEG0 , By: Title: L David L. De Angelis Attest: K 3-r?d Title: / Clerk-Treasurer G This is to certify that this is a true and accurate copy of Resolution #38-99 which was adopted by the Common Council of the City of Muskego. 3l99cgw Daniel M. Finley County Executive Norman A. Cummings Director Waukesha COUNTY DEPARTMENT OF ADMINISTRATION February 17, 1999 To: City of Muskego David L. DeAngelis, Mayor P.O. Box 903 Muskego, WI 53150 Re: Countywide Trunked Radio System The next step in your community’s participation in the implementation of the Countywide trunked radio system is adoption of an initial resolution authorizing the issuance ofa general obligation promissory note to the County to cover your share of the cost of the infrastructure of the system. A form of the resolution to be adopted, which was drafted by Quarks & Brady LLP, the County’s bond counsel, is enclosed. This resolution authorizes the issuance of a general obligation promissory note to Waukesha County in an amount not to exceed the principal amount stated in the resolution. This “not to exceed” amount has been reduced somewhat from earlier estimates based on the projected capital cost of the in6astructure and a higher anticipated level of participation by other Waukesha County municipalities. Adoption ofthis resolution is an important step in moving ahead with the project because it signifies your municipality’s commitment to participate and enables us to refine our planning and our cost projections. The resolution needs to be adopted in the form that it is presented, so that we have uniform commitments from all of the participating municipalities. At a later date you will be asked to adopt a resolution approving your municipality’s entry into an intergovernmental cooperation agreement relating to the financing, construction and operation of the trunked radio system. This later resolution will also specify the final details of the promissory note to be issued to the County with respec! to the ihfrast:uc!we cos! of the system. In the event your municipality decides to finance radio purchases through the County, the financing of those radio purchases will be handled separately from the note to be issued for infrastructure costs and will be addressed in another, subsequent resolution. In order to keep this project on schedule, please forward the executed resolution and completed excerpts of minutes, to be received by Wednesday, March 3 I, 1999, to Keith Swartz at the Waukesha County Administration Center, Room 310, 1320 Pewaukee Road, Waukesha, Wisconsin 53188. In the meantime, if you feel it is necessary to meet with me to discuss this resolution further or have any questions, please call me at 548-7026. Waukesha. Wisconsin 53188 1320 Pewaukee Road Phone: (414) 548-7020 Fax: (414) 548-7913 0 0 e EXCERPTS OF MINUTES OF MEETING A duly-convened meeting of the Common Council (the “Governing Body”) of the , & of Muskego Waukesha County, Wisconsin (the “Municipality”), was held in open session upon due notice on 3 / 9 , 1999 at 7 ; 30 P.M. The following members of the Governing Body were present: Aldermen Slocomb, Chiaverotti, Patterson, pionek, Salentine, Sanders, and Woodqrd The following were absent: None The presiding officer opened the meeting by announcing that this was an open meeting of the Governing Body. Notice of this meeting was given to the public at least 24 hours prior to the meeting by forwarding the’complete agenda to the official newspaper of the Municipality, 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 Municipality’s offices. (Here occurred business not pertinent to the note issue.) The attached Resolution No. 38-99entitled “Initial Resolution Authorizing the Issuance of General Obligation Promissory Note to Finance Infrastructure Costs of Countywide Trunked Radio System: was moved by Alderman Sanders and seconded by Alderman Salentine On roll call vote, the following voted aye: Aldermen Slocomb, Chiaverotti, Patterson, Pionek, Salentine, Sanders, and Woodard and the following voted no: None Whereupon, the resolution was declared adopted and the Clerk recorded the same. (Here occurred business not pertinent to the note issue.) Upon motion and vote, the meeting adjourned.