PUBLIC DEBT COMMISSION

Thursday, December 5, 2024 · 3:00 PM AM · Room 405, City Hall

TL;DR

The Public Debt Commission unanimously approved several financial resolutions related to the city's sewerage system bonds and debt management. These actions will enable the city to secure funding and manage its financial obligations through various loan and credit mechanisms.

Key Decisions

  • Sewerage System Second Lien Revenue Bonds Passed
  • Authorization for Direct Loans Passed
  • Revised Debt Policies Filed
  • Line of Credit Report Filed
  • Certification of Debt Obligations Passed

Agenda

  1. THE PUBLIC MAY OBSERVE BY TELECONFERENCE: (414) 251-0392, ACCESS CODE 258 640 690.
  2. Untitled item
  3. Approval of Previous Minutes
  4. 2 Authorizing the Sale and Issuance of Sewerage System Second Lien Revenue Bonds, Series 2024 S6
    Resolution

    A motion was made by David Misky that this Resolution be ADOPTED. This motion PREVAILED unanimously.

  5. 3 Authorization to use Direct Loans for Various Purposes.
    Resolution

    A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.

  6. 4 Communication from the City Comptroller Regarding the Revised Debt Policies.
    Communication

    A motion was made by David Misky that this Communication be PLACED ON FILE. This motion PREVAILED unanimously.

  7. 5 Communication from the City Comptroller Regarding the Report on Line of Credit draws and renewals, other debt issuance, future financings, rating agencies, and RFP’s.
    Communication

    A motion was made by Mary Reavey that this Communication be PLACED ON FILE. This motion PREVAILED unanimously.

  8. 6 Certification that obligations can be sold and issued, and declaring official intent to be reimbursed from proceeds of obligations issued under City borrowing resolutions recently adopted or to be considered for adoption by the Common Council.
    Resolution

    A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.

  9. Schedule future meetings of the Public Debt Commission
  10. Untitled item
  11. In the event that Common Council members who are not members of this committee attend this meeting, this meeting may also simultaneously constitute a meeting of the Common Council or any of the following committees: Community and Economic Development, Finance and Personnel, Judiciary and Legislation, Licenses, Public Safety and Health, Public Works, Zoning, Neighborhoods & Development, and/or Steering and Rules. Whether a simultaneous meeting is occurring depends on whether the presence of one or more of the Common Council member results in a quorum of the Common Council or any of the above committees, and, if there is a quorum of another committee, whether any agenda items listed above involve matters within that committee’s realm of authority. In the event that a simultaneous meeting is occurring, no action other than information gathering will be taken at the simultaneous meeting.
  12. Upon reasonable notice, efforts will be made to accommodate the needs of persons with disabilities through sign language interpreters or auxiliary aids. For additional information or to request this service, contact the City Clerk's Office ADA Coordinator at 286-2998, (FAX)286-3456, (TDD)286-2025 or by writing to the Coordinator at Room 205, City Hall, 200 E. Wells Street, Milwaukee, WI 53202.
  13. City Hall and the Zeidler Municipal Building are accessible by "The Hop" City Hall Stations, the MCTS Green Line, Connect 1, 14, 15, 18, 19, 30, 33, and 57 bus routes. Visit https://www.ridemcts.com/ for more information. Bike racks are available on Water Street, Market Street, and Broadway, and a Bublr Bike Share station is located on the northeast corner of Kilbourn Avenue and Water Street. Limited parking for persons attending meetings during normal business hours is available at reduced rates (5 hour limit) at the Milwaukee Center on the southwest corner of Kilbourn Avenue and Water Street. You must present a copy of the meeting notice to the parking cashier.
  14. Persons engaged in lobbying as defined in s. 305-43-4 of the Milwaukee Code of Ordinances are required to register with the City Clerk's Office License Division. Registered lobbyists appearing before a Common Council committee are required to identify themselves as such. More information is available at http://city.milwaukee.gov/Lobbying.