City of Racine - File #: 12-7705

• File #: 12-7705
• Version: A
• Name: Communication from the Finance Director requesting permission for Brad Viegut from Robert W. Baird & Co. to discuss possible bond refunding opportunities and the City's 2012 capital borrowing.(Res. 12-3154)
• Type: Communication
• Status: Passed
• File created: 5/11/2012
• In control: Finance and Personnel Committee
• Final action: 6/4/2012
• Title: Subject: Communication from the Finance Director requesting permission for Brad Viegut from Robert W. Baird & Co. to discuss possible bond refunding opportunities and the City's 2012 capital borrowing. (Res. 12-3154) Recommendation of the Finance & Personnel Committee on 5-21-12: The 2012 Capital projects be funded with a Note Anticipation Note and that portions of the 2003 and 2004 general Obligation refunding Bonds and portions of the 2003 Taxable General Obligation Refunding Bonds be refinanced. Fiscal Note: It is anticipated that refinancing of current debt will result in savings of over $600,000.
• Related files: Res.12-3154

Date	Ver.	Action By	Action	Result
6/4/2012	A	Common Council	Approved as Presented	Pass
5/21/2012	A	Finance and Personnel Committee	Recommended For Approval	Pass
5/15/2012	A	Common Council	Referred

Title

Subject: Communication from the Finance Director requesting permission for Brad Viegut from Robert W. Baird & Co. to discuss possible bond refunding opportunities and the City's 2012 capital borrowing. (Res. 12-3154)

Recommendation of the Finance & Personnel Committee on 5-21-12: The 2012 Capital projects be funded  with a Note Anticipation Note and that portions of the 2003 and 2004 general Obligation refunding Bonds and portions of the 2003 Taxable General Obligation Refunding Bonds be refinanced.

Fiscal Note:   It is anticipated that refinancing of current debt will result in savings of over $600,000.