Sponsor
Alderman Shakoor
Title
RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF UP TO $1,931,200 WATERWORKS SYSTEM REVENUE BONDS, SERIES 2015, AND PROVIDING FOR OTHER DETAILS AND COVENANTS WITH RESPECT THERETO
WHEREAS, the City of Racine, Racine County, Wisconsin (the "Municipality") owns and operates a waterworks system (the "System") which is operated for a public purpose as a public utility by the Municipality; and
WHEREAS, the Municipality has previously issued and has outstanding: (a) its Waterworks System Mortgage Revenue Bonds, dated November 1, 2004 (the "2004 Bonds") pursuant to an ordinance adopted on April 17, 1978 (the "1978 Ordinance"), as supplemented by an ordinance adopted on October 5, 2004 (the "2004 Ordinance"), (b) its Waterworks System Mortgage Revenue Bonds, dated April 2, 2007 (the "2007 Bonds") pursuant to the 1978 Ordinance, as supplemented by a resolution adopted on March 6, 2007 (the "2007 Resolution"), (c) its Waterworks System Mortgage Revenue Bonds, dated December 8, 2009 (the "2009 Bonds") pursuant to the 1978 Ordinance, as supplemented by a resolution adopted on November 17, 2009 (the "2009 Resolution"), (d) its Waterworks System Mortgage Revenue Refunding Bonds, dated June 28, 2011 (the "June 2011 Bonds") pursuant to the 1978 Ordinance, as supplemented by a resolution adopted on June 7, 2011 (the "June 2011 Resolution"), (e) its Waterworks System Mortgage Revenue Bonds, dated October 25, 2011 (the "October 2011 Bonds") pursuant to the 1978 Ordinance, as supplemented by a resolution adopted on October 4, 2011 (the "October 2011 Resolution"), and (f) its Waterworks System Mortgage Revenue Refunding Bonds, dated July 10, 2012 (the "2012 Bonds") pursuant to the 1978 Ordinance, as supplemented by a resolution adopted on June 19, 2012 (the "2012 Resolution"), which are payable from the income and revenues of the System; and
WHEREAS, the 2004 Bonds, the 2007 Bonds, the 2009 Bonds, the June 2011 Bonds, the October 2011 Bonds and the ...
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