Ricine Banner
File #: 0857-23    Version: A Name: Subject: Communication sponsored by Alder Horton, on behalf of the Finance Director, to approve a resolution authorizing the sale and issuance of $18,045,000 of 2023 General Obligation Promissory Notes and the Issuance and Sale of $18,045,000 Note Anticip
Type: Communication Status: Passed
File created: 8/24/2023 In control: Finance and Personnel Committee
On agenda: 9/5/2023 Final action: 9/5/2023
Title: Subject: Communication sponsored by Alder Horton, on behalf of the Finance Director, to approve a resolution authorizing the sale and issuance of $18,045,000 of 2023 General Obligation Promissory Notes and the Issuance and Sale of $18,045,000 Note Anticipate Notes in Anticipation Thereof. Recommendation of the Finance and Personnel Committee on 08-28-2023: To approve a resolution authorizing the sale and issuance of $18,045,000 of 2023 General Obligation Promissory Notes and the Issuance and Sale of $18,045,000 of Note Anticipation Notes in Anticipation Thereof. Fiscal Note: Long term capital projects of $14,607,971 and equipment of $3,402,664 have been approved and budgeted in 2023 through this borrowing.
Attachments: 1. prs plan of finance_racine finance 082823, 2. #0857-23 Resolution, 3. #0857-23 Resolution - revised

Title

Subject: Communication sponsored by Alder Horton, on behalf of the Finance Director, to approve a resolution authorizing the sale and issuance of $18,045,000 of 2023 General Obligation Promissory Notes and the Issuance and Sale of $18,045,000 Note Anticipate Notes in Anticipation Thereof. 

 

Recommendation of the Finance and Personnel Committee on 08-28-2023: To approve a resolution authorizing the sale and issuance of $18,045,000 of 2023 General Obligation Promissory Notes and the Issuance and Sale of $18,045,000 of Note Anticipation Notes in Anticipation Thereof. 

 

Fiscal Note: Long term capital projects of $14,607,971 and equipment of $3,402,664 have been approved and budgeted in 2023 through this borrowing.