HomeMy WebLinkAbout02-429.docNOVEMBER 26, 2002 02-429 RESOLUTION
(CARRIED 7-0 LOST
LAID OVER
WITHDRAWN
PURPOSE:
APPROVE WAIVER OF PUBLIC BIDDING REQUIREMENTS/
INDUSTRIAL DEVELOPMENT BONDS FOR AP WESTSHORE
INITIATED BY: CITY ADMINISTRATION
CITY OF OSHKOSH, WISCONSIN
RESOLUTION REGARDING
PUBLIC BIDDING AND NON-DISCRIMINATION IN CONNECTION WITH
INDUSTRIAL DEVELOPMENT REVENUE BOND FINANCING
WHEREAS, the Common Council for the City of Oshkosh, Wisconsin (the "City")
has or will approve an initial resolution for the issuance of industrial development
revenue bonds by the City on behalf of AP Westshore, Inc., a foreign corporation
qualified to do business in the State of Wisconsin, and/or other entities related to AP
Westshore, Inc. through substantially identical ownership or other control, (collectively
referred to herein as the "Eligible Participant"); and
WHEREAS, the project (the "Project") to be financed with the proceeds of the
bonds will be located in the City and will consist of the acquisition, improvement,
construction and/or equipping of a manufacturing facility to be used by AP Westshore,
Inc.; and
WHEREAS, the City finds it beneficial toward the completion of the Project to
waive the requirements of Wis. Stat. 66.1103(11 )(b) in connection with the Project;
NOW, THEREFORE, BE IT RESOLVED BY THIS COMMON COUNCIL OF THE
CITY OF OSHKOSH, WISCONSIN, THAT:
1. The requirements as specified in Wis. Stat. 66.1103(11)(b)1. are to be
waived in accordance with the provisions of Wis. Stat. 66.1103(11)(b)2. with reference
to the Project to be financed with the industrial development revenue bonds of the City
issued on behalf of the Eligible Participant for the Project because the City is not
responsible for controlling any of the acquisition, improvement, construction and/or
equipping costs and because it is more efficient and expedient for the accomplishment
of the public purposes of the bond issue if the Eligible Participant were to have
complete control over the Project.
2. The Bonds, when issued, will contain such provisions regarding non-
discrimination as state law or the City shall require.
3. This resolution shall be published as a Class 1 notice in the official
newspaper of the City, The OSHKOSH NORTHWESTERN, prior to the closing of the
bond issue.
Adopted ,2002
Pamela R. Ubrig, City Clerk
Approved ,2002
Stephen Hintz, Mayor