HomeMy WebLinkAbout26. 21-222
APRIL 27, 2021 21-222 RESOLUTION
(CARRIED__7-0____LOST________LAID OVER________WITHDRAWN________)
PURPOSE: INITIAL RESOLUTION AUTHORIZING NOT EXCEEDING
$8,765,000 GENERAL OBLIGATION BONDS OF THE CITY OF
OSHKOSH, WINNEBAGO COUNTY, WISCONSIN, FOR THE
PUBLIC PURPOSES OF (i) STREET IMPROVEMENTS AND (ii)
PARKS AND PUBLIC GROUNDS
INITIATED BY: FINANCE DEPARTMENT
BE IT RESOLVED by the Common Council of the City of Oshkosh, Winnebago
County, Wisconsin, that there shall be issued general obligation bonds of said City in an
aggregate principal amount not exceeding $8,765,000 for the public purposes of (i) street
improvements and (ii) parks and public grounds. For the purpose of paying the various
installments of principal of and interest on said bonds as they severally mature, prior to
the issuance and delivery of said bonds there shall be levied on all taxable property in
said City a direct annual irrepealable tax sufficient for that purpose.
Be it Further Resolved that the City Clerk is hereby directed to publish notice of
adoption of the foregoing Initial Resolution, one time in the official city newspaper, not
later than May 12, 2021, such notice to be in substantially the form as follows:
OFFICIAL NOTICE TO ELECTORS
OF ADOPTION OF
INITIAL RESOLUTION
An initial resolution was adopted at the regular meeting of the Common Council of the
City of Oshkosh, Winnebago County, Wisconsin, on April 27, 2021, and promptly recorded,
providing for the issuance of general obligation bonds of the City in the amount and for the public
purposes, as follows:
AMOUNT PURPOSE
$7,205,000 Street improvements
1,560,000 Parks and public grounds
For the purpose of paying the various installments of principal of and interest on the
aforesaid bonds as they severally mature, prior to their issuance and delivery there shall be levied
on all taxable property in the City a direct annual irrepealable tax sufficient for that purpose.
The bonds authorized to be issued by the various initial resolutions set out above, shall be
issued by the City of Oshkosh unless, before 4:00 o’clock P.M. on May 27, 2021, a petition is filed
in the office of the City Clerk by electors numbering at least ten percent (10%) of the votes cast
for governor in the City at the last general election requesting that the initial resolution be
submitted to the electors.
Dated: April 27, 2021
City Clerk
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