HomeMy WebLinkAbout32676 / 83-034ovember 17, 1983 �10 RESOLUTION
(CARRIED
PURPOSE:
INITIATED BY:
LOST LAID OVER
WITHDRAWN )
AUTHORIZE CITY OF OSHKOSH NOTES IN THE AMOUNT OF UP TO
$5•1 MILLION RE DOWNTOWN REDEVELOPMENT PROJECT
CITY ADMINISTRATION
WHEREAS, the City of Oshkosh has completed negotiations, plans and
agreements for the Oshkosh Centre Project, and
WHEREAS, in order to fulfill the City's commitments [o said projects,
namely the construction of a convention center and various parking lots and
sewer and water projects in this Downtown TIF District, the City is in need
of $5•1 Million, and
WHEREAS, it is desirable to issue notes of the City in the amount of uo to
$5.1 Million to provide these necessary funds,
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the Lity of Oshkosh Finance Director is hereby authorized to
nego[iate the sale of $5•1 Million City of Oshkosh Notes,.and
upon the completion of said negotiations, to prepare and present to this
Comnon Council a resolution authorizing said issuance.
SUBMIT2ED BY
APPROVED
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