HomeMy WebLinkAbout33804 / 86-12CITY OF OSHKQSH, WISCONSIN
RESOLUTION WAIVING PUBLIC BIDDING AND NONDISCRIMINATION
REQUIREMENTS FOR AN
INDUSTRIAL DEVELOPMENT REVENUE BOND PROJECT
ON BEHALF OF CENTRACOR, INC.
WHEREAS, the City of Oshkosh, Wisconsin (the
"MUnicipality"), has by resolution of its City Council
expressed its intent to issue bonds pursuant to Section 66.521,
Wisconsin Statutes, in an amount not to exceed $600,000 for the
purpose of financing on behalf of Centracor, Inc. (the
"Borrower") a manufacturing facility (the "Project"); and
WHEREAS, Section 66.521(11)(b)1., Wisconsin Statutes,
contains provisions requiring competitive bidding for certain
construction contracts and prohibiting discrimination with
regard to the construction and operation of projects financed
under Section 66.521, Wisconsin Statutes (the "Act"), and
Section 66.521(11)(b)2. of the Act empowers the governing body
of a municipality to waive the requirements of Section 66.521
(11)(b)1. with respect to a particular project.
NOW, THEREFORE, BE IT RESOLVED by this City Council of the
City of Oshkosh, it is the finding and determination of this
City Council that the Municipality will not control the design,
costs, construction or operation of the Project; that no public
moneys wi11 be expended for the Project; that the Municipality
will have no beneficial ownership in the Project; that the
primary reason for requiring competitive bidding for
construction of municipal projects is to protect the taxpayers
against excessive expenditures of public funds and that such
reason, although sound as applied to public works, is not
applicable to the Project in which no general funds or tax
revenues of the Municipality will be used or put at risk; that
it would be more efficient and expedient for the accomplishment
of the public putposes of the bond issue if the Borrower were
to have complete control over the letting of contracts for
construction for the Project; dnd that while an
anti-discrimination policy such as that expressed in Section
66.521(11)(b)1. of the Act is supported by this City Council,
public policies of that sort applied in the context of a bond
financing are more appropriately effectuated by contract with
the Borrower. Therefore, the Municipality does hereby waive
the provisions of Section 66.521(11)(b)1. of the Act with
regard to the Project; provided, however, that the Revenue
Agreement shall contain anti-dicrimination clauses satisfactory
to the Municipality.
FURTHER RESOLVED, that the City Clerk is hereby directed to
publish this resolution as a class 1 notice under Ch, 985,
Wisconsin Statutes (relating to publication of official
notices) in the official newspaper of the Municipality pursuant
to such chapter.
THIS RESOLUTION INTRODUCED, APPROVED AND ADOPTED MARCH 6,
1986.
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Mayor
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City Clerk
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