Title
Resolution Awarding the Sale of $6,830,000 General Obligation Corporate Purpose Bonds, Series 2018A.
Body
WHEREAS, on October 16, 2018, 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 $3,225,000 for the public purpose of financing sanitary sewer improvements; in an amount not to exceed $2,740,000 for the public purpose of financing water system projects; and in an amount not to exceed $2,750,000 for the public purpose of financing street improvement projects (collectively, the "Project") (the above-referenced initial resolutions are referred to herein as 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 Southwest NOW, stating the purposes 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 bond issues authorized by the Initial Resolutions;
WHEREAS, no petition for referendum was filed with the City Clerk, and the time to file such a petition has expired;
WHEREAS, on October 16, 2018, 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 2018A" (the "Bonds") for the purpose of paying the cost of the Project;
WHEREAS, the Common Council hereby finds and determines that the Project is within the City's power to undertake and therefore serves a "public purpose" as that term is defined in Section 67.04(1)(b), Wisconsin Statutes;
WHEREAS, pursuant to the Set...
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