HomeMy WebLinkAbout03-390SEPTEMBER 9, 2003 03-390 RESOLUTION
(CARRIED 4-0 LOST
LAID OVER WITHDRAWN )
PURPOSE:
APPROVE AGREEMENTANAUKAU, LLC/MC CLONE DOWNTOWN
DEVELOPMENT LLC
INITIATED BY: CITY ADMINISTRATION
WHEREAS, Waukau, LLC and McCIone Downtown Development, LLC have
requested extension of sewer service to property owned by them adjacent to South
Washburn Street and Waukau Avenue; and
WHEREAS, expenditures relating to this project will be paid on or after the passage
of this resolution and the City reasonably expects to reimburse itself for these expenditures
in the 2004 Capital Improvements Program by incurring debt; and
WHEREAS, it is necessary to enter into an agreement with the developers to
finance the project until such time as bonding for the 2004 Capital Improvements Program
is completed;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the attached Agreement with Waukau, LLC and Mc Clone Downtown
Development, LLC for extension of sewer service is hereby approved and the proper City
officials are hereby authorized to execute and deliver the agreement in substantially the
same form as attached hereto, any changes in the execution copy being deemed approved
by their respective signatures, and said City officials are authorized and directed to take
those steps necessary to implement the terms and conditions of the Agreement.
BE IT FURTHER RESOLVED that this Resolution is a declaration of official intent
under Treasury Regulation Section 1.103-18, or amendment thereto, and shall be made
available for public inspection pursuant to Chapter 19, of the Wisconsin Statutes.
The maximum principal amount of the obligation expected to be issued for this
project is Two Hundred Thousand and no/100 DOLLARS ($ 200,000.00).