City of Madison - File #: 02512

• File #: 02512
• Version: 3
• Name: Sewer System Revenue Bonds, Series 2006-A
• Type: Resolution
• Status: Passed
• File created: 11/30/2005
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 2/7/2006
• Final action: 2/7/2006
• Enactment date: 2/9/2006
• Enactment #: RES-06-00091
• Title: SECOND SUBSTITUTE -- Providing for the issuance and award of $8,815,000 $8,725,000 principal amount of Sewer System Revenue Bonds, Series 2006-A, of the City of Madison, Wisconsin; prescribing the form and other details and providing for the collection and disposition of the revenues to be derived from the municipal sewer system of said City; making other provisions with respect to the operation of the system and the issuance of the bonds; providing for the security and payment of the bonds; and prescribing other matters pertaining thereto.
• Sponsors: Tim Bruer, Paul J. Van Rooy

Date	Ver.	Action By	Action	Result
2/7/2006	3	COMMON COUNCIL	Adopt	Pass
2/7/2006	3	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
2/7/2006	2	Finance Dept/Approval Group	Fiscal Note Pending
2/7/2006	3	Attorney's Office	Fiscal Note Required / Approval
2/7/2006	3	Finance Dept/Approval Group	Approved Fiscal Note By The Comptroller's Office (AFTER CC INTRO)
2/1/2006	1	Finance Dept/Approval Group	Fiscal Note Pending
2/1/2006	2	Attorney's Office	Fiscal Note Required / Approval
12/13/2005	1	COMMON COUNCIL	Refer
11/30/2005	1	Attorney's Office	Referred for Introduction

Fiscal Note

This resolution authorizes the borrowing of $8,725,000 for sanitary sewer capital purposes through the issuance of Sewer Utility Revenue Bonds.  The bonds bear a true interest cost of 4.01% and will be fully repaid over the next 15 years.  The projects financed by these bonds are included in the 2005 and 2006 Capital Budgets.

Title

SECOND SUBSTITUTE -- Providing for the issuance and award of $8,815,000  

$8,725,000 principal amount of Sewer System Revenue Bonds, Series 2006-A, of the City of Madison, Wisconsin; prescribing the form and other details and providing for the collection and disposition of the revenues to be derived from the municipal sewer system of said City; making other provisions with respect to the operation of the system and the issuance of the bonds; providing for the security and payment of the bonds; and prescribing other matters pertaining thereto.

Body

see attached file, Sewer System Revenue Bonds 2006-A.DOC.