HomeMy WebLinkAbout30109 / 79-23D7ay 3, 1979
# 23
PU.4POSE: Ai'iRWE RE,'PORT OF ZIEGI,II2 SECCTF2ITI?��, INC.
INITIF�TED BY: CITY I�IINISTRATION
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'v .�.c.�2r,r�s, uie Coamon C;ouncii oz tne City or CsYticosn received a report from
7ieqler Securities, Inc. dated April 25, 1979, which report dealt with the
nc,�ed in the City of Oshkosh to establish a residential family mortgage revenue
bond program; and
WfIE�2E'.AS, said report indicatecl that approximately 15 million dollars of
residential family nartgage revenue bonds woctld be needc�i to provide an adec�uate
program £or fihe citizens of the City of Oshkosh.
N(7W, TI4:i2L•'E'Oi2E, BE IT RFSOLVED by the Comron Council of the Cit}• of
C�shlcosh that the report, dated I��ril 25, 1979, fran Zi�crler Securities, Inc., is
herehy apnroved in principle and the City Manager is her�hy authorizeci and
directr_r3 t� cooperate �vith Ziegler Securities, Inc. in developing a financing
prc�r_am to privide the necessaty irortgage m�ney to imple-�zt this program.
BE IT FURTHER RESOLUED by the Comrion Cou�cil. of the City of Oshkosh that
the City hereby expressly reserve> the right to hire its aan bond counsel and
further to eitner approve, disapprove, or modify the final prog�am that will be
presented to it by Ziegler Securities, Inc.
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