City of Madison - File #: 03533

• File #: 03533
• Version: 2
• Name: $15,065,000 Water Utility Mortgage Revenue Bonds, Series 2006A
• Type: Resolution
• Status: Passed
• File created: 4/25/2006
• In control: WATER UTILITY BOARD
• On agenda: 6/6/2006
• Final action: 6/6/2006
• Enactment date: 6/15/2006
• Enactment #: RES-06-00526
• Title: SUBSTITUTE - Authorizing and providing for the sale and issuance of $15,955,000 Water Utility Mortgage Revenue Bonds, Series 2006A, and all related details.
• Sponsors: Lauren Cnare

Date	Ver.	Action By	Action	Result
6/6/2006	1	WATER UTILITY BOARD	RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - REPORT OF OFFICER	Pass
6/6/2006	2	COMMON COUNCIL	Adopt	Pass
6/6/2006	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
6/6/2006	2	Attorney's Office	Fiscal Note Required / Approval
6/6/2006	2	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (SUBSTITUTES)
5/2/2006	1	COMMON COUNCIL	Refer
5/2/2006	1	BOARD OF ESTIMATES (ended 4/2017)	Refer
4/25/2006	1	Attorney's Office	Referred for Introduction

Fiscal Note

This resolution authorizes the borrowing of $15,955,000 for water utility capital purposes through the issuance of Water Utility Mortgage Revenue Bonds.  The bonds bear a true interest cost of 4.4299% and will be fully repaid over the next twenty years.  The projects financed by these bonds are included in the 2005 and 2006 capital budgets.

Title

SUBSTITUTE - Authorizing and providing for the sale and issuance of $15,955,000 Water Utility Mortgage Revenue Bonds, Series 2006A, and all related details.

Body

(Attached pdf file)