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The original item was published from 2/15/2011 3:15:00 PM to 2/16/2011 12:05:01 AM.

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City of Stevens Point News

Posted on: January 14, 2011

[ARCHIVED] Referendum to be Held February 15 - Polls Open until 8 PM

At an election to be held on Tuesday, February 15, a question will be submitted to a vote of the people: Shall the following initial resolution be approved?

At an election to be held on Tuesday, February 15, a question will be submitted to a vote of the people: Shall the following initial resolution be approved?


AN INITIAL RESOLUTION AUTHORIZING THE SALE AND ISSUANCE OF NOT TO EXCEED $5,965,000 GENERAL OBLIGATION COMMUNITY DEVELOPMENT BONDS; AND CERTAIN RELATED DETAILS

The Governing Body resolves that under and by virtue of the provisions of Chapter 67 of the Wisconsin Statutes, the City shall issue its negotiable, general obligation community development bonds in a principal amount not to exceed $5,965,000 (the “Bonds”) to provide financial assistance to community development projects under Sections 66.1105 and 66.1331 to 66.1337 of the Wisconsin Statutes, including, but not limited to, financing a grant to the City’s Community Development Authority to provide for certain improvements in the City’s Tax Incremental District No. 6; provided, however, that the Bonds shall be sold and issued in whole or in part from time to time in such amount or amounts as shall be within the limits provided by law.

A copy of the entire text of the resolution directing the submission of the question can be obtained from the office of the city clerk.

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