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CITY OF NEW RICHMOND: Resolution No. 051703 - Notice To Electors

Monday, May 15, 2017 - 11:16pm

CITY OF NEW RICHMOND, WISCONSIN
RESOLUTION NO. 051703
RESOLUTION DIRECTING PUBLICATION OF
NOTICE TO ELECTORS
WHEREAS, the Common Council of the City of New Richmond, Wisconsin (the "City") has adopted initial resolutions authorizing the preliminary issuance of the following general obligation bonds under Wisconsin Statutes, Chapter 67, as amended (the "Act"): (i) General Obligation Bonds in the maximum principal amount of $2,955,000 to finance sewer system projects related to North Fourth Street, street projects related to North Fourth Street, 125th Street, and the acquisition of a snow plow to be used to maintain and clear the City's streets, storm water system projects related to North Fourth Street and 125th Street, and water system projects related to North Fourth Street; and (ii) General Obligation Bonds in the maximum principal amount of $280,000 to finance the acquisition and equipping of a new E-3262 fire truck and related equipment for the use of the City.
NOW, THEREFORE, BE IT RESOLVED that the City Clerk is authorized and directed to, within 15 days of the adoption of this Resolution and the initial resolutions described above, publish a class 1 notice under Wisconsin Statutes, Chapter 985, as amended, in the official newspaper of the City, describing the purpose and maximum principal amount of each of the above-described general obligation bonds and describing the opportunity and procedure for submitting a petition requesting a referendum on the Bonds, which notice shall be in substantially the form attached hereto as Exhibit A.
Dated at New Richmond, Wisconsin, this 8th day of May, 2017.
APPROVED: /s/ Fred Horne, Mayor
ATTEST: /s/ Tanya Batchelor, City Clerk
EXHIBIT A
NOTICE TO THE ELECTORS OF THE CITY OF NEW RICHMOND, WISCONSIN
NOTICE IS HEREBY GIVEN that the following initial resolutions (the "Initial Resolutions") have been adopted at a regular meeting of the Common Council of the City of New Richmond, Wisconsin (the "City") on May 8, 2017:
RESOLUTION NO. 051701
INITIAL RESOLUTION AUTHORIZING THE PRELIMINARY
ISSUANCE OF GENERAL OBLIGATION BONDS FOR VARIOUS STREET AND UTILITY IMPROVEMENT PROJECTS IN A MAXIMUM PRINCIPAL AMOUNT OF $2,955,000
BE IT RESOLVED that the Common Council of the City of New Richmond, Wisconsin issue its general obligation bonds for the public purpose of financing improvements to various streets and utility systems located within the City, including but not limited to (i) sewer system projects related to North Fourth Street; (ii) street projects related to North Fourth Street, 125th Street, and the acquisition of a snow plow to be used to maintain and clear the City's streets; (iii) storm water system projects related to North Fourth Street and 125th Street; and (iv) water system projects related to North Fourth Street, in a maximum principal amount of $2,955,000.
RESOLUTION NO. 051702
INITIAL RESOLUTION AUTHORIZING THE PRELIMINARY
ISSUANCE OF GENERAL OBLIGATION BONDS FOR THE
ACQUISITION AND EQUIPPING OF A FIRE TRUCK IN A
MAXIMUM PRINCIPAL AMOUNT OF $280,000
BE IT RESOLVED that the Common Council of the City of New Richmond, Wisconsin issue its general obligation bonds for the public purpose of financing the acquisition and equipping of a new E-3262 fire truck and related equipment for the use of the City in a maximum principal amount of $280,000.

Wisconsin Statutes, Section 67.05(7)(b) provides that the question of issuing the general obligation bonds described in the Initial Resolutions need not be submitted to the electors unless, within 30 days after the adoption of each of the Initial Resolutions, a petition conforming to the requirements of Wisconsin Statutes, Section 8.40, as amended, is filed in the City Clerk's office requesting a referendum. This petition must be signed by electors numbering at least 10% of the votes cast for governor in the City at the last general election.
Dated: May 8, 2017.
BY ORDER OF THE COMMON COUNCIL
CITY OF NEW RICHMOND, WISCONSIN
_______________________________________ (Pub. 05/18/17) WNAXLP