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File #: 1038-23    Version: A Name: Subject: Communication sponsored by Alder West, on behalf of the Finance Director, to approve a resolution authorizing the issuance and sale of $3,575,000 of 2023 taxable general obligation refunding bonds dated November 7, 2023 to raise funds to pay the
Type: Communication Status: Passed
File created: 10/26/2023 In control: Finance and Personnel Committee
On agenda: 11/7/2023 Final action: 11/7/2023
Title: Subject: Communication sponsored by Alder West, on behalf of the Finance Director, to approve a resolution authorizing the issuance and sale of $3,575,000 of 2023 taxable general obligation refunding bonds dated November 7, 2023 to raise funds to pay the cost of refinancing the Taxable Note Anticipation Notes dated December 11, 2018. Recommendation of the Finance and Personnel Committee on 10-30-2023: To approve a resolution authorizing the issuance and sale of $3,575,000 of 2023 taxable general obligation refunding bonds dated November 7, 2023 to raise funds to pay the cost of refinancing the Taxable Note Anticipation Notes dated December 11, 2018. Fiscal Note: No new money will be included in the issue. Payments due in the years 2024 through 2041. Debt service will be paid from TID #18.
Attachments: 1. prs plan of finance_racine finance committee 103023, 2. #1038-23 Resolution, 3. #1038-23 Resolution - final 11-7-23

Title

Subject: Communication sponsored by Alder West, on behalf of the Finance Director, to approve a resolution authorizing the issuance and sale of $3,575,000 of 2023 taxable general obligation refunding bonds dated November 7, 2023 to raise funds to pay the cost of refinancing the Taxable Note Anticipation Notes dated December 11, 2018.

 

Recommendation of the Finance and Personnel Committee on 10-30-2023: To approve a resolution authorizing the issuance and sale of $3,575,000 of 2023 taxable general obligation refunding bonds dated November 7, 2023 to raise funds to pay the cost of refinancing the Taxable Note Anticipation Notes dated December 11, 2018.

 

Fiscal Note: No new money will be included in the issue. Payments due in the years 2024 through 2041. Debt service will be paid from TID #18.