Title
Resolution Awarding the Sale of $6,015,000 Taxable General Obligation Corporate Purpose Bonds, Series 2012A.
Body
WHEREAS, on February 21, 2012, 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 $2,545,000 for the public purpose of providing financial assistance to community development projects under Section 66.1105 of the Wisconsin Statutes by paying project costs of the City's Tax Incremental District No. 11 (the "TID No. 11 Initial Resolution") and in an amount not to exceed $5,035,000 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 bonds authorized by the TID No. 11 Initial Resolution and describing the opportunity and procedure for submitting a petition requesting a referendum on the bonds authorized by the TID No. 11 Initial Resolution;
WHEREAS, to date, no petition for referendum has been filed with the City Clerk, and the time to file such a petition shall expire on March 22, 2012;
WHEREAS, on February 21, 2012, the Common Council of the City also adopted a resolution entitled: "Resolution Providing for the Sale of $7,580,000 Taxable General Obligation Corporate Purpose Bonds of the City of West Allis" (the "Set Sale Resolution"), providing that the general obligation bonds authorized by the Initial Resolutions be combined, issued and sold as a single issue of general obligation corporate purpose bonds (the "Bonds") for the purpose of paying the cost of the projects and the refunding described in the Initial Resolutions;
WH...
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