90-136
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.
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RESOLUTION NO. 136-90
RESOLUTION APPROVING BOND PURCHASE AGREEMENT
CITY OF SHOREWOOD TAX INCREMENT REVENUE BONDS
$1,150,000.00
WHEREAS, the City Council of the City of Shorewood passed Resolution
No. 36-90 on 23 April 1990, Designating and Establishing Development District
No. 1i Establishing Tax Increment Financing District No. 1 Located Within
Development District No. 1i and Approving and Adopting the Development
District Program for Development District No. 1 Including Tax Increment
Financing Plan for T ax Increment Financing District No. 1 i and
WHEREAS, Subsection 2.10 of such Development Program provides for
the City to issue tax increment bonds to amortize the eligible costs of the
Public Improvements included in the program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Shorewood as follows:
1. That the Bond Purchase Agreement attached hereto entitled, "City
of Shorewood Tax Increment Revenue Bonds - $1,150,000.00," is hereby
approved.
2. That the Mayor and City Administrator/Clerk are hereby
authorized to execute said Contract on behalf of the City Council.
ADOPTED BY THE CITY COUNCIL of the City of Shorewood this
10th day of December, 1990.
~;TEST:
\ - ~/4 ~ lo~~~
~ urence E. Whittaker
City Administrator/Clerk
~gen. ~
tiH~ /
//
Roll Call Vote:
Ayes - Haugen, Brancel, Gagne, Stover, Watten
Nays -