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March 19 , 1981 # 2 2 E�SO;dTrION
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CITY COUNCII.
OF THE
CITY OF OSHKOSH. WISCONSIN
Resolution No.
FIRST AMENDMENT TO INITIAL RESOLUTION
RELATING TO
INDUSTRIAL DEVELOPMENT REVENUE BOND FINANCING
ON BEHALF OF
UNIVERSAL FOUNDRY COMPANY
WHEREAS, the City of Oshkosh, Wisconsin (the "Munici-
pality") is a municipal corporation organized and existing
under and pursuant to the laws of the State of Wisconsin and is
authorized by Section 66.521 Wisconsin Statutes, as amended
(hereinafter sometimes referred to as the "Act"), to:
(a) issue revenue bonds to finance a11 or any part of
the costs of the construction, equipping, reequipping,
acquisition, purchase, installation, reconstruction, re-
building, rehabilitation, improving, supplementing, re-
placing, maintaining, repairing, enlarging, extending or
remodeling of a project which qualifies under the Act and
the improvement of the site therefor; and
(b) enter into a revenue agreement with an eligible
participant pursuant to which the eligible participant
agrees to cause said project to be constructed and to pay
the Municipality an amount of funds sufficient to provide
for the prompt payment when due of the princioal of and
interest on said revenue bonds; and
WHEREAS, Universal Foundry Company, a Wisconsin cor-
poration (the "Eligible Participant"), is undertaking a project
in the Municipality, and was induced to proceed with such project
partly in reliance on the Municipality's willi�gness to provide
financing therefor with revenue bonds issued under the Act, as
evidenced by the Initial Resolution adopted by this body on
September 18, 1980 (the "Initial Resolution"); and
WHEREAS, the Initial Resolution authorized the issuance
of up to $1,500,000 principal amount of revenue bonds subject to
the conditions specified therein; and
WHEREAS, the Eligible Participant has requested that
the authorized amount be increased to $1,650,000; and
WHEREAS, it is the finding and determination of this
body that the public interest will be served by amending the
Initial Resolution in accordance herewith;
NOW, THEREFORE, BE IT RESOLVED:
1. Subparagraph (a) of Paragraph 1 of the Initial
Resolution is hereby amended to read as follows:
"(a) The Municipality shall issue revenue bonds
pursuant to the Act at one or more times in one or more
series in such aggregate principal amount not in excess of
$1,650,000 as the Eligible Participant shall request;
provided, however, that the actual aggre�ate principal
amount of the revenue bonds shall not be greater than the
amount necessary to pay the then estimated aggregate cost of
the Project (including interest during construction), to
fund any reserve funds deemed necessary or desirable and to
pay the costs incident to the financing (said bonds being
hereinafter called the "Bonds")."
2. Except as amended hereby the Initial Resolution
shall remain in full force and effect.
3. The Clerk sha11 cause notice of adoption of this
Resolution to be published once in the Northwestern (the Munici-
pality's official newspaper, for the puT�Tication of notices
pursuant to Chapter 985 of the Wisconsin Statutes), and sha11
cause evidence of publication (including a copy of the notice as
pubiished) indicating the date of publication of such public
notice to be filed with the Secretary of the Department of
Development of the State of Wisconsin within 20 days following
publicatio❑ of such notice.
4. This Resolution sha11 be effective immediately upon
its passage and approval.
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CERTIFICATIONS BY CLERK
I, Converse C. Marks, being first duly sworn, do hereby
depose and certify that I am the duly appointed, qualified and
acting Clerk of the City of Oshkosh, in the County of Winnebago,
State of Wisconsin, and as such I have in my possession, or have
access to, the complete corporate records of said City and of its
City Council; that I have carefully compared the transcript
hereto attached with the aforesaid corporate records; that said
transcript hereto attached is a true, correct and complete copy
of all the corporate records in relation to the adoption of
Resolution No. entitled:
FIRST AMENDMENT TO INITIAL RESOLUTION
RELATING TO
INDUSTRIAL DEVELOPMENT RF.VENUE BOND FINANCING
ON BEHALF OF
UNIVERSAL FOUNDRY COMPANY
I do hereby further depose and certify as follows:
1. Said resolution was considered for adoption by the
City Council at a meeting held in the City Hall at 7:00 P.M. on
March 19, 1981. Said meeting was a re�ular meeting of the City
Council and was held in open session in compliance with Sub-
chapter IV of Chapter 19 of the Wisconsin Statutes.
2. Said resolution was on the agenda for said meeting
and public notice thereof was given not less than 24 hours prior
to the commencement of said meeting in compliance with Section
19.84 of the Wisconsin Statutes, including, without limitation,
by posting on the bulletin board in the City Hall, by notice to
those news media who have filed a written request for notice of
meetings and by notice to the official newspaper of the City.
3. Said meeting was called to order by Don Kutchera,
Mayor, who chaired the meeting. Upon roll I noted and recorded
that the following council members were present:
and that the following council members were absent:
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I noted and recorded that a quorum was present. Various matters
and business were taken up duri�g the course of the meeting with-
out intervention of any closed session. One of the matters taken
up was said resolution which was introduced and its adoption was
moved by Council Member , and seconded by Council
Member Following discussion and after all
council members who e ired to do so had expressed their views
for or against said resolution, the question was called and upon
roll being called and the continued presence of a quorum being
noted, the recorded vote was as follows:
Aye:
Nay:
Abstain:
Whereupon the Mayor declared said resolution adopted, and I so
recorded it.
4. I have caused the "Notice to Electors" to be
published in the form and place specified in said resolution; and
I have filed evidence of publication (including a copy of the
notice as published) indicating the da[e of publication of said
notice together with a copy of said resolution with the Secretary
of the Department of Development of the State of Wisconsin or its
successor within 20 days following the publication of said
notice.
IN WITNESS WHEREOF, I have signed my name and affixed
the seal of the City hereto on this day of ,
1981.
[Municipal SealJ
STATE OF WISCONSIN
SS
COUNTY OF WINNEBAGO
er
Subscribed and sworn to before me this day, the
date last above written.
Notary Public
My commission expires:
[Notarial Seal]
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