City of Racine - File #: 13-9378

• File #: 13-9378
• Version: A
• Name: Communication from the Finance Director requesting that Brad Viegut of Robert W. Baird Company be allowed to appear before the Finance and Personnel Committee at their next scheduled meeting to discuss refunding opportunities for various debt issues. (Re
• Type: Communication
• Status: Passed
• File created: 9/17/2013
• In control: Finance and Personnel Committee
• Final action: 10/1/2013
• Title: Subject: Communication from the Finance Director requesting that Brad Viegut of Robert W. Baird Company be allowed to appear before the Finance and Personnel Committee at their next scheduled meeting to discuss refunding opportunities for various debt issues. (Res. No. 13-0405) Recommendation of the Finance & Personnel Committee on 9-23-13: Callable portions of the 2003 City of Racine G.O. Refunding Bonds dated July 15, 2003 and the 2013 Note Anticipation Notes dated July 9, 2013 be refunded with new Bonds tentatively dated November 6, 2013 with a final maturity of 2027. Fiscal Note: The present value savings of refunding the 2003 Bonds is approximately $1,000,000 and will result in lower debt service tax levies over the next five years.
• Related files: Res.13-0405

Date	Ver.	Action By	Action	Result
10/1/2013	A	Common Council	Approved as Presented	Pass
9/23/2013	A	Finance and Personnel Committee	Recommended For Approval	Pass
9/17/2013	A	Common Council	Referred

Title

Subject: Communication from the  Finance Director requesting that Brad Viegut of Robert W. Baird Company be allowed to appear before the Finance and Personnel Committee at their next scheduled meeting to discuss refunding opportunities for various debt issues. (Res. No. 13-0405)

Recommendation of the Finance & Personnel Committee on 9-23-13: Callable portions of the 2003 City of Racine G.O. Refunding Bonds dated July 15, 2003 and the 2013 Note Anticipation Notes dated July 9, 2013 be refunded with new Bonds tentatively dated November 6, 2013  with a final maturity of 2027.

Fiscal Note: The present value savings of refunding the 2003 Bonds is approximately $1,000,000 and will result in lower debt service tax levies over the next five years.