Title
Resolution awarding the sale of $8,355,000 General Obligation Corporate Purpose Bonds, Series 2015A.
Body
WHEREAS, on April 21, 2015, the Common Council of the City of West Allis, Milwaukee County, Wisconsin (the "City") adopted initial resolutions authorizing the issuance of general obligation bonds in an amount not to exceed $2,000,000 for the public purpose of financing sanitary sewer improvements; in an amount not to exceed $1,500,000 for the public purpose of financing water system improvements; in an amount not to exceed $2,750,000 for the public purpose of financing street improvement projects; and in an amount not to exceed $2,105,000 for the public purpose of refunding obligations of the City, including interest on them (collectively, the "Initial Resolutions");
WHEREAS, pursuant to the provisions of Section 67.05, Wisconsin Statutes, within 15 days following the adoption of the Initial Resolutions, the City Clerk caused a notice to electors to be published in the My Community NOW-Midwest, stating the purpose and maximum principal amount of the bond issues authorized by the Initial Resolutions for sanitary sewer improvements, water system improvements and street improvement projects and describing the opportunity and procedure for submitting a petition requesting a referendum on those Initial Resolutions;
WHEREAS, no petition for referendum was filed with the City Clerk, and the time to file such a petition will expire on May 21, 2015;
WHEREAS, on April 21, 2015, the Common Council of the City also adopted a resolution (the "Set Sale Resolution") providing that the general obligation bond issues authorized by the Initial Resolutions be combined, issued and sold as a single issue of bonds designated as "General Obligation Corporate Purpose Bonds, Series 2015A" (the "Bonds") for the purpose of paying the cost of the projects and the refunding described in the Initial Resolutions;
WHEREAS, the obligations to be refunded are the City's Genera...
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