City of Madison - File #: 00420

• File #: 00420
• Version: 2
• Name: sale of Water Utility Mortgage Revenue Refunding Bonds BY TITLE ONLY
• Type: Resolution
• Status: Passed
• File created: 1/26/2005
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 2/22/2005
• Final action: 2/22/2005
• Enactment date: 3/1/2005
• Enactment #: RES-05-00146
• Title: SUBSTITUTE - Authorizing and providing for the sale and issuance of $3,630,000 Water Utility Mortgage Revenue Refunding Bonds, Series 2005A, and all related details.
• Sponsors: Jean M. MacCubbin

Date	Ver.	Action By	Action	Result
2/22/2005	2	WATER UTILITY BOARD	Return to Lead with the Recommendation to Approve as Substituted	Pass
2/22/2005	2	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER	Pass
2/22/2005	2	COMMON COUNCIL	Adopt	Pass
2/22/2005	2	Attorney's Office/Approval Group	Substitute Created
2/15/2005	1	Finance Dept/Approval Group	Fiscal Note Pending
2/1/2005	1	COMMON COUNCIL	Refer	Pass
2/1/2005	1	COMMON COUNCIL	Refer
2/1/2005	1	COMMON COUNCIL	Fiscal Note Required / Approval
1/27/2005	1	Finance Dept/Approval Group	Refer
1/27/2005	1	Attorney's Office/Approval Group	Referred for Introduction
1/26/2005	1	Attorney's Office	Fiscal Note Required / Approval

Fiscal Note

The proceeds of this debt issue will be used to refund outstanding Water Utility Bonds issued in 1995 and 1998.  The replacement of that debt at today's lower interest rates will result in debt service savings with an estimated present value of approximately $156,000.

Title

SUBSTITUTE - Authorizing and providing for the sale and issuance of

$3,630,000 Water Utility Mortgage Revenue Refunding Bonds, Series 2005A, and all related details.

Body

See attachment.