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CCR2003156. . . COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION #156-2003 INITIAL RESOLUTION AUTHORIZING THE BORROWING OF NOT TO EXCEED $16,155,693.00 PROVIDING FOR THE ISSUANCE AND SALE OF GENERAL OBLIGATION REFUNDING SECURITIES THEREFORE; 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 refunding bonds or promissory notes in an amount not to exceed $16,155,693.00 for the purpose of refunding of any of the Issuer's outstanding obligations including its unfounded prior service liability to the Wisconsin Retirement System (the "Securities"); 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 issuance of the Securities or such shorter period required by law. DATED THIS 24th DAY OF June ,2003. ATTEST: /J1~~~~ Mark A. Slocomb, Mayor ~\\I\I\IIIJI/"I/Jl ~\\\~ ~ M U" 11",~ ø , Q...,........~;r..<\ ~ ;;>,....,' ".:\'." ~ ;:: " .' OR ',Q ~ !;!j,~l f:)~P 41: 'O~ :: 'V!Ç,) <:<' \ S % \ ~JEAl1 J ~ ~ .... .I ~ '\ ii:."""""'~:':Â~ ~~SEAL) ~'Í'" ><jUKË;;.' ~\\~ 111i1ll/llllnl\"\~ rK. J11~ C k-Treasurer This is to certify that this is a true and accurate copy of Resolution #156-2003 which was adopted by the Common Council of the City of Muskego rK Jr1~ 6/03 mep