CCR2001187COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #187-2001
A RESOLUTION TO AMEND DEBT SERVICE REPAYMENT SCHEDULE
TO THE SEWER UTILITY OF THE CITY OF MUSKEGO
THE COMMON COUNCIL OF THE CITY OF MUSKEGO, WAUKESHA COUNTY,
WISCONSIN, DOES RESOLVE AS FOLLOWS:
WHEREAS, In 1998, the Common Council adopted Resolution #202-98 entitled “A
Resolution Authorizing the Temporary Advance of Funds from the Sewer Utility to the
Debt Service Fund of the City of Muskego”; and
WHEREAS, The original schedule as adopted spread the repayment from the Debt
Service Fund to the Sewer Utility over a 5-year period; and
WHEREAS, In an effort to continue the philosophy to keep the City’s debt levy
constant, the City desires to spread the repayment from the Debt Service Fund to the
Sewer Utility over a 15-year period; and
WHEREAS, The Finance Committee has reviewed the new Debt Service Schedule and
recommends approval subject to review of any subsequent borrowings by the Sewer
Utility to evaluate interest rates at that time.
NOW; THEREFORE, BE IT RESOLVED That the Common Council of the City of
Muskego, upon the recommendation of the Finance committee, does hereby approve
the Debt Service Schedule, as attached, subject to review of any subsequent
borrowings by the Sewer Utility.
DATED THIS 9th DAY OF OCTOBER, 2001
SPONSORED BY:
FINANCE COMMITEE
Ald. Mark Slocomb
Ald. David Sanders
Ald. Nancy Salentine
This is to certify that this is a true and accurate copy of Resolution #187-2001 which
was adopted by the Common Council of the City of Muskego.
1012001jmb
City of Muskego, WI
S1,694,702 Sewer Advance Payments
DEBT SERVICE SCHEDULE
mu Rinciprl C0,lF.m l"ltICS1 TOLd P+l nSCALTOTAL
78,536.37
52,463.19
66,566.31
90,915.66
95,161.45
100,234.52
105246.24
110,506.56
116,033.96
121.835.68
127,927.47
1:4.325.84
141,040.0pI
115,092.0:
42.367.55
5.000% 42,567.55
5.000% 40,404.14
S.OOO% S9p2.56
36.177.90
5.000% $6,177.30
10,404.14
55,342.56
5.000%
33.305.01
33,905.01
5.wm
51,518.47
31,515.47
29,012.61
5.000% 29.012.61
5.m%
26,381.46
26.351.46
23,618.74
LJ.615.74
20.717.83
5.000% 20.717.69
5.000%
37.672.00
17.672.00
5.000%
14.473.61
14.479.61
11.115.72
5.000% 11.115.72
5.000%
7589.72
7,589.72
5.000%
3,687.42
42567.55
120,903.92
40,404.14
122S67.53
33,342.56
124,925.30
:6,171.90
127,033.56
33,905.01
l29,S66.46
31.518.47
131,752.99
23.012.61
13425S.S5
26.381.46
136.S90.02
25.6111.74
139,652.72
20.717.a9
142,553.57
17,672.00
145539.47
11,473.61
14S,797.65
11,115.72
7.599.72
156,651.75
5.887.42
152.155.75
155,496.64 5.000% 3607.42 159,3M.06 163,271A8
Toul 1.634.702.00 754,370.00 2.449.072.00
.....
....
9.30: Years
SI5P117.40
1.9999939?4
4.9999999%
4.3333333%
4.9999999%
4.9993999%
4.9939999%
8.903 Yam