CCR2003155COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #155-2003
. INITIAL RESOLUTION AUTHORIZING THE BORROWING OF
NOT TO EXCEED $9,450,000; PROVIDING FOR THE ISSUANCE AND SALE OF
GENERAL OBLIGATION SECURITIES THEREFOR;
AND LEVYING A TAX IN CONNECTION THEREWITH
BE IT RESOLVED by the Common Council of the City of Muskego, Waukesha County,
Wisconsin (the "Issuer") that there shall be issued, pursuant to Chapter 67, Wisconsin
Statutes, general obligation promissory notes (the "Notes") in an amount not to exceed
$9,450,000 for public purposes including paying the cost of Public Safety software,
hardware and equipment, Fire Department equipment and buildings construction, Public
Works equipment and cost of construction and improvement of streets, burying of
utilities and decorative street lighting, and Parks and Recreation equipment, building
renovation and field development (collectively, the "Projects"), and general obligation
bonds or promissory notes (collectively with the Notes, the "Securities") in an amount
not to exceed $9,450,000 for the purpose of paying the cost of refunding the Notes or
any interim financing undertaken to pay the cost of the Projects; and there shall be
levied on all the taxable property of the Issuer a direct, annual, irrepealable tax sufficient
to pay the interest on said Securities as it becomes due, and also to pay and discharge
the principal thereof within twenty years of the date of the issuance of the Securities or
such shorter period required by law.
.
ADOPTED AND RECORDED June 24th ,2003.
Attest:
fl!!t fYl~ J n K. Marenda
erk-Treasurer
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This is to certify that this is a true and accurate copy of Resolution #155-2003 which
was adopted by the Common Council of the City of Muskego.
.
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06/2003jmb