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JUNE 28, 200505-205RESOLUTION
(CARRIED __7-0___ LOST_______ LAID OVER ________ WITHDRAWN ________)
Resolution directing the advertisement and sale of approximately
$28,000,000 aggregate principal amount of General Obligation Corporate
Purpose Refunding Bonds, Series 2005-D, of the City of Oshkosh,
Winnebago County, Wisconsin.
W, cities are authorized by Chapter 67 of the Wisconsin Statutes, as
HEREAS
supplemented and amended, to borrow money and to issue bonds to finance any
project undertaken for a public purpose and to refund municipal obligations, including
interest thereon; and
W, it is necessary that funds be raised by the City of Oshkosh,
HEREAS
Winnebago County, Wisconsin (the “City”) in an approximate aggregate principal
amount of $28,000,000 for the purpose of refunding certain outstanding municipal
obligations of the City; and
W, it is considered necessary and desirable by the City Council of the
HEREAS
City that the City borrow money and issue its General Obligation Corporate Purpose
Refunding Bonds, Series 2005-D in an approximate aggregate principal amount of
$28,000,000 (the “Bonds”) for the purpose of refunding certain outstanding municipal
obligations of the City, for which an initial resolution has been adopted;
N, T, Be It Resolved by the City Council of the City of Oshkosh,
OWHEREFORE
Winnebago County, Wisconsin, as follows:
Section 1.For the purpose of offering the Bonds for sale, the Finance Director
of the City is hereby authorized to cause an appropriate notice of the sale thereof to be
published in a newspaper to be selected by the Finance Director of the City. The
Finance Director of the City shall also cause to be prepared and distributed an Official
Statement, including Official Terms of Offering, with respect to the Bonds.
Section 2.After bids shall have been received for the Bonds, this City Council
will adopt additional proceedings to award the same to the best bidder or bidders,
prescribe the terms thereof and the forms of Bond, and will levy taxes in the specific
amount necessary to pay the principal of and interest on the Bonds.
.