PUBLIC DEBT COMMISSION
TL;DR
The Public Debt Commission met to review and approve financial resolutions related to city borrowing and debt management. All proposed motions were unanimously approved, which allows the city to continue managing its financial obligations and potential future financing needs.
Key Decisions
- Direct Loans Authorization Passed
- Line of Credit Report Review Placed on File
- Debt Obligation Certification Placed on File
Agenda
- THE PUBLIC MAY OBSERVE BY TELECONFERENCE: (414) 251-0392, ACCESS CODE 779 092 702.
- Untitled item
- Approval of Previous Minutes
- 2 Amending Resolution No. 241171 - Authorization to Use Direct Loans for Various PurposesResolution
A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 3 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.Resolution
A motion was made by David Misky that this Communication be PLACED ON FILE. This motion PREVAILED unanimously.
- 4 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 David Misky that this Resolution be PLACED ON FILE. This motion PREVAILED unanimously.
- Schedule future meetings of the public debt commission
- Untitled item
- Untitled item
- 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.
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