Title
Resolution Providing for the Sale of Not to Exceed $2,320,000 General Obligation Refunding Bonds, Series 2004C, of the City of West Allis (related to Initial Resolution of $2,320,000 G.O. Bonds).
Body
WHEREAS the Common Council of the City of West Allis, Milwaukee County, Wisconsin (the “City”) has adopted an initial resolution authorizing the issuance of general obligation bonds in a principal amount not to exceed $2,320,000 for the public purpose of refunding obligations of the City, including interest on them.
NOW, THEREFORE, BE IT RESOLVED that:
1. The issue referred to in the preamble hereof shall be designated “General Obligation Refunding Bonds, Series 2004C” and the City shall issue bonds in an amount not to exceed $2,320,000 for the purpose above specified.
2. The Common Council hereby authorizes and directs that the Bonds be offered for public sale. At its meeting on March 16, 2004, the Common Council shall consider such bids as may have been received and take action thereon.
3. The City Clerk shall cause notice of the sale of the Bonds to be disseminated at such times and in such manner as the Clerk may determine and cause copies of a complete Official Notice of Sale and other pertinent data to be sent to interested bidders as the Clerk may determine.
4. The City Clerk shall cause an Official Statement concerning this issue to be prepared by the City's financial consultant, Stifel, Nicolaus & Company, Incorporated. 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.
ADM\ORDRES\ADMR.2.32 GOREFUNDBONDS 2004C