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File #: 53202    Version: 1 Name: General Obligation Corporate Purpose Bonds, Series 2018-C
Type: Resolution Status: Passed
File created: 9/17/2018 In control: Attorney's Office
On agenda: 10/2/2018 Final action: 10/2/2018
Enactment date: 10/5/2018 Enactment #: RES-18-00724
Title: Authorizing the issuance of $10,000,000 General Obligation Corporate Purpose Bonds,Series 2018-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, 2. Bid Tab-C, 3. Winning Bid Signed by the Purchaser-C

Fiscal Note

This resolution authorizes the issuance of general obligation corporate purpose bonds totaling $10,000,000 and an irrevocable property tax sufficient for the purpose of paying principal and interest on the notes.  These bonds will be used to finance current year capital improvements authorized in the 2018 capital budget.  A description of the specific expenditure purposes is included in the resolution.  The true interest cost of this series is 3.21%.  Repayment is scheduled over the next 20 years.

 

.Title

Authorizing the issuance of $10,000,000 General Obligation Corporate Purpose Bonds,Series 2018-C, of the City of Madison, Wisconsin, providing the details thereof, establishing interest rates thereon and levying taxes therefor.

Body

See attached Body.