City of Madison, Wisconsin | Legislative Information Center
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File #: 40432    Version: 1 Name: Amending Resolution 15-00781 Authorizing the Issuance of $12,395,000 General Obligation Corporate Purpose Bonds, Series 2015-C, of the City of Madison, Wisconsin, Providing the Details Thereof, Establishing Interest Rates Thereon and Levying Taxes Therefo
Type: Resolution Status: Passed
File created: 10/14/2015 In control: CITY ATTORNEY
On agenda: 10/20/2015 Final action: 10/20/2015
Enactment date: 10/20/2015 Enactment #: RES-15-00815
Title: Amending Resolution 15-00781 Authorizing the Issuance of $12,395,000 General Obligation Corporate Purpose Bonds, Series 2015-C, of the City of Madison, Wisconsin, Providing the Details Thereof, Establishing Interest Rates Thereon and Levying Taxes Therefor.
Sponsors: Paul R. Soglin
Attachments: 1. BODY.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsWatch
10/20/20151 COMMON COUNCIL Adopt Under Suspension of Rules 2.04, 2.05, 2.24, and 2.25Pass Action details Meeting details Not available
10/14/20151 Attorney's Office RECOMMEND TO COUNCIL TO ADOPT UNDER SUSPENSION OF RULES 2.04, 2.05, 2.24, & 2.25 - MISC. ITEMS  Action details Meeting details Not available

Fiscal Note

This resolution amends the initial resolution authorizing the issuance of general obligation corporate purpose bonds totaling $12,395,000 and an irrevocable property tax sufficient for the purpose of paying principal and interest on the notes.  The amendment corrects the debt service schedule.

 

These bonds will be used to finance current year capital improvements authorized in the 2015 capital budget.  A description of the specific expenditure purposes is included in the resolution.  The true interest cost of this series is 2.69%.  Repayment is scheduled over the next 20 years.

 

Title

Amending Resolution 15-00781 Authorizing the Issuance of $12,395,000 General Obligation Corporate Purpose Bonds, Series 2015-C, of the City of Madison, Wisconsin, Providing the Details Thereof, Establishing Interest Rates Thereon and Levying Taxes Therefor.

Body

 

Please see "BODY" in attachments.