City of Racine - File #: 10-5216

• File #: 10-5216
• Version: A
• Name: Bradley Viegut, from RW Baird, to discuss borrowing for the City's 2010 Capital Projects.
• Type: Communication
• Status: Passed
• File created: 6/1/2010
• In control: Finance and Personnel Committee
• Final action: 6/15/2010
• Title: Subject: Communication from the Finance Director requesting permission for Bradley Viegut, RW Baird, discuss borrowing for the City's 2010 Capital Projects. (Res.10-2089) Recommendation of the Finance & Personnel Committee on 6-7-10: Approve the issuance of Note Anticipation Notes to cover the Budgeted 2010 Capital Projects and recycling carts. Further recommends to refund remaining 2002 TIF #9 Refunding Bonds. Fiscal Note: 2010 Capital Projects are budgeted at $8,267,487; anticipated borrowing for recycling carts approximates $1,430,000; refunding TIF #9 bonds will save approximately $114,000 over the next 10 years due to lower interests rates now available.
• Related files: Res.10-2088, Res.10-2089

Date	Ver.	Action By	Action	Result
6/15/2010	A	Common Council	Approved as Presented	Pass
6/7/2010	A	Finance and Personnel Committee
6/1/2010	A	Common Council	Referred

Title

Subject: Communication from the Finance Director requesting permission for Bradley Viegut, RW Baird, discuss borrowing for the City's 2010 Capital Projects.  (Res.10-2089)

Recommendation of the Finance & Personnel Committee on 6-7-10:   Approve the issuance of Note Anticipation Notes to cover the Budgeted 2010 Capital Projects and recycling carts.  Further recommends to refund remaining 2002 TIF #9 Refunding Bonds.

Fiscal Note:  2010 Capital Projects are budgeted at $8,267,487; anticipated borrowing for recycling carts approximates $1,430,000; refunding TIF #9 bonds will save approximately $114,000 over the next 10 years due to lower interests rates now available.