City of Racine - File #: 0906-23

• File #: 0906-23
• Version: A
• Name: Subject: Communication sponsored by Alder McCarthy, on behalf of the Wastewater Commission, requesting approval of a Resolution authorizing the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other
• Type: Communication
• Status: Passed
• File created: 9/13/2023
• In control: Finance and Personnel Committee
• On agenda: 10/3/2023
• Final action: 10/3/2023
• Title: Subject: Communication sponsored by Alder McCarthy, on behalf of the Wastewater Commission, requesting approval of a Resolution authorizing the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto. Recommendation of the Wastewater Commission on 09-19-23: To Approve a resolution authorizing the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto, with a referral to the Finance & Personnel Committee. Recommendation of the Finance and Personnel Committee on 09-25-2023: That the Wastewater Commission be granted approval to authorize the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto. Fiscal Note: The Wastewater Utility Revenue Bonds (Clean Water Fund Loan) is in the amount $23,367,7...

Date	Ver.	Action By	Action	Result
10/3/2023	A	Common Council	Approved as Presented	Pass
9/25/2023	A	Finance and Personnel Committee	Approved
9/19/2023	A	Wastewater Commission	Referred	Pass

Title

Subject: Communication sponsored by Alder McCarthy, on behalf of the Wastewater Commission, requesting approval of a Resolution authorizing the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto.

Recommendation of the Wastewater Commission on 09-19-23: To Approve a resolution authorizing the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto, with a referral to the Finance & Personnel Committee.

Recommendation of the Finance and Personnel Committee on 09-25-2023: That the Wastewater Commission be granted approval to authorize the issuance and sale of up to $23,367,711 Wastewater Utility Revenue Bonds, series 2023b, and providing for other details and covenants with respect thereto.

Fiscal Note: The Wastewater Utility Revenue Bonds (Clean Water Fund Loan) is in the amount $23,367,711. Loan is for 20 years and has an interest rate of 2.190% and ($2,050,000) Principal Forgiveness.