HomeMy WebLinkAboutResolution 2017 (04) Resolution No. 4 (2017)
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, ��, UNTY RESOLUTION APPROVING$4,900,000 APPLICATION FOR
STATE TRUST FUND LOAN
1 FORM OF RECORD
2 The following preamble and resolutions were presented by Supervisor Sjoberg and were read to the
3 meeting.
4
5 By the provisions of Sec.24.66 of the Wisconsin Statutes,all municipalities may borrow money for such
6 purposes in the manner prescribed,and,
7
8 By the provisions of Chapter 24 of the Wisconsin Statutes,the Board of Commissioners of Public Lands of
9 Wisconsin is authorized to make loans from the State Trust Funds to municipalities for such purposes. (Municipality
10 as defined by Sec.24.60(2)of the Wisconsin Statutes means a town,village,city,county,public inland lake
11 protection and rehabilitation district,town sanitary district created under Sec.60.71 or 60.72,metropolitan sewerage
12 district created under Sec.200.05 or 200.23,joint sewerage system created under Sec.281.43(4),school district or
13 technical college district.)
14
15 THEREFORE,BE IT RESOLVED,that the County of St. Croix,Wisconsin,borrow from the Trust Funds
16 of the State of Wisconsin the sum of Four Million Nine Hundred Thousand Dollars($4,900,000)for the purpose of
17 financing capital projects and for no other purpose.
18
19 The loan is to be payable within 5 years from the 15th day of March preceding the date the loan is made.
20 The loan will be repaid in annual installments with interest at the rate of 3.00 percent per annum from the date of
21 making the loan to the 15th day of March next and thereafter annually as provided by law.
22
23 RESOLVED FURTHER,that there shall be raised and there is levied upon all taxable property,within the
24 County of St. Croix,Wisconsin,a direct annual tax for the purpose of paying interest and principal on the loan as
25 they become due.
26
27 RESOLVED FURTHER,that no money obtained by the County of St. Croix by such loan from the state be
28 applied or paid out for any purpose except financing capital projects without the consent of the Board of
29 Commissioners of Public Lands.
30
31 RESOLVED FURTHER,that in case the Board of Commissioners of Public Lands of Wisconsin agrees to
32 make the loan,that the chairman and clerk of the County of St. Croix,Wisconsin,are authorized and empowered,in
33 the name of the county to execute and deliver to the Commission,certificates of indebtedness,in such form as
34 required by the Commission,for any sum of money that may be loaned to the county pursuant to this resolution.The
35 chairman and clerk of the county will perform all necessary actions to fully carry out the provisions of Chapter 24,
36 Wisconsin Statutes,and these resolutions.
37
38 RESOLVED FURTHER,that this preamble and these resolutions and the aye and no vote by which they
39 were adopted,be recorded,and that the clerk of this county forward this certified record,along with the application
40 for the loan,to the Board of Commissioners of Public Lands of Wisconsin.Page 4
41 Supervisor Bergren moved adoption of the foregoing preamble and resolutions.
42 The question being upon the adoption of the foregoing preamble and resolutions,a vote was taken by ayes
43 and noes,which resulted as follows:
44
1. Supervisor Sicard voted No
2. Supervisor Ring voted Yes
3. Supervisor Babbitt voted Yes
4. Supervisor Coulter voted No
5. Supervisor Sjoberg voted Yes
6. Supervisor Long Absent
7. Supervisor Bergren voted Yes
8. Supervisor Nelson voted Yes
9. Supervisor Berke voted Yes
10. Supervisor Ostness voted Yes
11. Supervisor Larson voted Yes
12. Supervisor Hansen voted Yes
13. Supervisor Kiesler voted Yes
14. Supervisor Brinkman voted No
15. Supervisor Peterson voted Yes
16. Supervisor Anderson voted Yes
17. Supervisor Achterhof voted Yes
18. Supervisor Leibfried voted Yes
19. Supervisor Peavey voted Yes
45
46
47 A majority of the members of the county board of supervisors of the County of St. Croix,State of
48 Wisconsin,having voted in favor of the preamble and resolutions,they were declared adopted.
Legal—Fiscal—Administrative Approvals:
Legal Note:
Fiscal Impact: The financial impact is dependent upon the amount and final terms of the loan.
The first payment on the loan would occur in 2018, requiring an increase the debt
service tax levy.
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12/21/16 Administration Committee RECOMMENDED
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RESULT: RECOMMENDED [UNANIMOUS]
MOVER: Ron Kiesler, Supervisor
SECONDER: Jill Ann Berke, Vice Chair
AYES: Sjoberg, Bergren, Berke, Kiesler, Leibfried
02/07/17 Board of Supervisors POSTPONED Next: 03/07/17
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RESULT: POSTPONED [UNANIMOUS] Next: 3/7/2017 5:00 PM
MOVER: Roy Sjoberg, Supervisor
SECONDER: Jill Ann Berke, Supervisor
AYES: Sicard, Ring, Coulter, Sjoberg, Long, Bergren, Nelson, Berke, Larson, Hansen,
Kiesler, Brinkman, Achterhof, Leibfried, Peavey
ABSENT: Christopher Babbitt, Dave Ostness, David Peterson, Paulette Anderson
Vote Confirmation.
St. Croix County Board of Supervisors Action:
Roll Call -Vote Requirement—Three-quarters Majority of Entire Membership (15)
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RESULT: ADOPTED [15 TO 3]
MOVER: Laurie Bergren, Supervisor
SECONDER: Daniel Hansen, Supervisor
AYES: Ring, Babbitt, Sjoberg, Bergren, Nelson, Berke, Ostness, Larson, Hansen,
Kiesler, Peterson, Anderson, Achterhof, Leibfried, Peavey
NAYS: Ryan S. Sicard, Tom Coulter, Andy Brinkman
ABSENT: Bob Long
This Resolution was Adopted by the St. Croix County Board of Supervisors on March 7, 2017
Cindy Campbell, County Clerk