PUBLIC DEBT COMMISSION
TL;DR
The Public Debt Commission met to authorize the city's issuance of General Obligation Promissory Notes (Series 2026 N5) and review the city's overall debt management. The commission also addressed line of credit renewals, future financing plans, and certification of the city's ability to sell and issue new debt obligations.
Key Decisions
- Authorizing Issuance of General Obligation Promissory Notes, Series 2026 N5 Considered
- Comptroller's Report on Line of Credit Draws, Renewals, and Debt Issuance Received for review
- Certification of City's Ability to Sell and Issue Obligations and Declaration of Official Intent for Reimbursement Considered
- Schedule Future Public Debt Commission Meetings To be determined
Agenda
- THE PUBLIC MAY OBSERVE BY TELECONFERENCE:
- (414) 251-0392, ACCESS CODE 493 366 070. https://teams.microsoft.com/meet/281999810822196?p=WohJLhSfAajg65KTBD Meeting ID: Passcode: 281 999 810 822 196 sN3fA2Ru
- Untitled item
- Call to Order
- Roll Call
- Approval of Previous Minutes
- 4. Authorizing the Issuance of General Obligation Promissory Notes, Series 2026 N5Resolution
- 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
- 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
- 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 Comptroller's Office ADA Coordinator at 414-286-3321, (TDD)414-286-2025, by writing to the Coordinator at Room 404, City Hall, 200 E. Wells Street, Milwaukee, WI 53202, or emailing pdc@milwaukee.gov.
- 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.