Madison, WI Header
File #: 16446    Version: 1 Name: Water Utility Reve. Bonds, Series 2009B
Type: Resolution Status: Passed
File created: 10/28/2009 In control: BOARD OF ESTIMATES (ended 4/2017)
On agenda: 11/17/2009 Final action: 11/17/2009
Enactment date: Enactment #: RES-09-00940
Title: A Resolution authorizing and providing for the sale and issuance of $1,530,000* Taxable Water Utility Revenue Refunding Bonds, Series 2009B, and all related details
Sponsors: Lauren Cnare, Michael Schumacher
Attachments: 1. Water Series 2009B Milwaukee.pdf, 2. Bid Summary Series B.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
11/17/20091 COMMON COUNCIL AdoptPass Action details Meeting details Not available
11/17/20091   RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER  Action details Meeting details Not available
11/17/20091 WATER UTILITY BOARD Return to Lead with the Recommendation for ApprovalPass Action details Meeting details Not available
11/17/20091 BOARD OF ESTIMATES (ended 4/2017) RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICERPass Action details Meeting details Not available
11/12/20091 WATER UTILITY BOARD Return to Lead with the Following Recommendation(s)  Action details Meeting details Not available
11/4/20091 BOARD OF ESTIMATES (ended 4/2017) Refer  Action details Meeting details Not available
11/3/20091 COMMON COUNCIL Referred  Action details Meeting details Not available
10/29/20091 Attorney's Office Referred for Introduction  Action details Meeting details Not available
Fiscal Note
This resolution authorizes the Water Utility to borrow $1,475,000 through the issuance of taxable revenue bonds as part of a larger refinancing of all outstanding Water Utility debt.  The proceeds of this issuance will be used to fully refund the remaining outstanding bonds issued by the Water Utility on March 1, 2005.  These bonds, which sold at a true interest cost of 2.73%, are secured by the current and future revenues of the Water Utility.  A summary of the single winning bid is provided as a separate attachment.
Title
A Resolution authorizing and providing for the sale and issuance of $1,530,000* Taxable Water Utility Revenue Refunding Bonds, Series 2009B, and all related details
Body
See attached Resolution.