Title
Resolution awarding the sale of $6,250,000 General Obligation Corporate Purpose Bonds, Series 2016A.
Body
WHEREAS, on March 15, 2016, 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 $2,535,000 for the public purpose of financing sanitary sewer improvements; in an amount not to exceed $1,010,000 for the public purpose of financing water system improvements; and in an amount not to exceed $2,750,000 for the public purpose of financing street improvement projects (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 and describing the opportunity and procedure for submitting a petition requesting a referendum on the Initial Resolutions;
WHEREAS, no petition for referendum has been filed with the City Clerk, and the time to file such a petition has expired;
WHEREAS, on March 15, 2016, 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 2016A" (the "Bonds") for the purpose of paying the cost of the projects described in the Initial Resolutions;
WHEREAS, pursuant to the Set Sale Resolution, the City directed Ehlers & Associates, Inc. ("Ehlers") to take the steps necessary to sell the Bonds;
WHEREAS, Ehlers, in consultation with the officials of the City, prepared a Notice of Sale (a copy of which is attached hereto as Exhibit A and incorporated here...
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