PUBLIC DEBT COMMISSION
TL;DR
The Public Debt Commission held a meeting to authorize several bond and note issuances, which will help fund city infrastructure and financial operations. All proposed resolutions were unanimously approved, indicating smooth financial planning for the city's upcoming projects and fiscal needs.
Key Decisions
- General Obligation Promissory Notes (Series 2025 N2) Passed
- Taxable General Obligation Promissory Notes (Series 2025 T3) Passed
- Water System Second Lien Revenue Bonds (Series 2025 W4) Passed
- Taxable Water System Second Lien Revenue Bonds (Series 2025 W5) Passed
- Revised Debt Policies Passed
Agenda
- The meeting was called to order with two Commissioners present: Commissioner Misky and Commissioner Reavey. Commissioner Allen was excused. Commissioner Misky served as Chair for the meeting.
- THE PUBLIC MAY OBSERVE BY TELECONFERENCE: (414) 251-0392, ACCESS CODE 157 590 46.
- Untitled item
- Approval of Previous Minutes
- 2 Authorizing the Sale and Issuance of General Obligation Promissory Notes, Series 2025 N2Resolution
A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 3 Authorizing the Sale and Issuance of Taxable General Obligation Promissory Notes, Series 2025 T3Resolution
A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 4 Authorizing the Sale and Issuance of Water System Second Lien Revenue Bonds, Series 2025 W4Resolution
A motion was made by David Misky that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 5 Authorizing the Sale and Issuance of Taxable Water System Second Lien Revenue Bonds, Series 2025 W5Resolution
A motion was made by Mary Reavey that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 6 Adoption of Revised Debt PoliciesResolution
A motion was made by David Misky that this Resolution be ADOPTED. This motion PREVAILED unanimously.
- 7 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 David Misky that this Communication be PLACED ON FILE. This motion PREVAILED unanimously.
- 8 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 PLACED ON FILE. This motion PREVAILED unanimously.
- Schedule future meetings of the Public Debt Commission
- 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.
- 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.
- 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 Associated Bank River Center on the southwest corner of Kilbourn Avenue and Water Street. You must present a copy of the meeting notice to the parking cashier.
- 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.