CCR2005028.
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Resolution No. 028-2005
RESOLUTION PROVIDING FOR THE SALE OF
$1,585,000 GENERAL OBLIGATION PROMISSORY NOTES
WHEREAS the City of Muskego, Waukesha County, Wisconsin (the "City")
is presently in need of an amount not to exceed $1,585,000 for public
purposes, including paying part of the costs of water utility projects, a
telephone system for the City, public safety equipment and transportation
equipment and street lighting; and
WHEREAS it is desirable to borrow said funds through the issuance of
general obligation promissory notes pursuant to Section 67.12(12), wis.
Stats.;
NOW, THEREFORE, BE IT RESOLVED that:
Section 1. The Notes. The City shall issue its General Obligation
Promissory Notes in an amount not to exceed $1,585,000 (the "Notes") for
the purposes above specified.
Section 2. Sale of Notes. The Common Council hereby authorizes and
directs that the Notes be offered for public sale. At a subsequent
meeting, the Common Council shall consider such bids for the Notes as may
have been received and take action thereon.
Section 3. Notice of Note Sale. The City Clerk be and hereby is
directed to cause notice of the sale of the Notes to be disseminated in
such manner and at such times as the City Clerk may determine and to cause
copies of a complete, official Notice of Note Sale and other pertinent
data to be forwarded to interested bidders as the City Clerk may
determine.
Section 4. Official Statement. The City Clerk shall cause an
Official Statement concerning this issue to be prepared by the City's
financial advisor, Ehlers & Associates, Inc. The appropriate City
officials shall determine when the Official Statement is final for
purposes of Securities and Exchange Commission Rule 15c2-12 and shall
certify said Statement, such certification to constitute full
authorization of such Statement under this resolution.
Passed this 25th day of January, 2005.
Approved this 25th day of January, 2005.
fYfrøi/(fb~/~ I Mayor
City Clerk
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