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HomeMy WebLinkAboutResolution 2007 (16) R () C2°°1) Rev. 1-07 STATE OF WISCONSIN BOARD OF COMMISSIONERS OF PUBLIC LANDS 125 SOUTH WEBSTER STREET, ROOM 200 POST OFFICE BOX 8943 MADISON, WISCONSIN 53708-8943 APPLICATION FOR STATE TRUST FUND LOAN COUNTY - 20 YEAR MAXIMUM Chapter 24 Wisconsin Statutes ST CROIX COUNTY Date sent: May 24, 2007 Received and filed in Madison, Wisconsin: ID # 05602335 CBD RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 2 TO: BOARD OF COMMISSIONERS OF PUBLIC LANDS We, the undersigned chairman and clerk of the County of St Croix, Wisconsin, in accordance with the provisions of Chapter 24 of the Wisconsin Statutes, do hereby make application for a loan of Three Hundred Ten Thousand And 00 /100 Dollars ($310,000.00) from the Trust Funds of the State of Wisconsin for the purpose of financing IT, telephone and communications equipment, and parking lot replacement. The loan is to be continued for a term of 5 year from the 15th day of March preceding the date the loan is made. The loan is to be repaid in annual installments, as provided by law, with interest at the rate of 5.00 percent per annum. \ We agree to the execution and signing of such certificates of indebtedness as the Board may prepare and submit, all in accordance with Chapter 24, Wisconsin Statutes. / The applicatiodis based upon compliance on the part of the County with the provisions and regulations of the statutes above referred to, as set forth by the following statements which we do hereby certify to be correct and true. The meeting of the supervisors of the County of St Croix Wisconsin, which approved and authorized this application for a loan was a regularly called meeting held on the day of , 20 At the aforesaid meeting a resolution was passed by a majority vote of the members of the board of supervisors approving and authorizing an application to the Board of Commissioners of Public Lands, State of Wisconsin, for a loan of Three Hundred Ten Thousand And 00 /100 Dollars ($310,000.00) from the Trust Funds of the State of Wisconsin to the County of St Croix, Wisconsin, for the purpose of financing IT, telephone and communications equipment, and parking lot replacement. That at the same time and place, the board of supervisors of the County of St Croix by a majority vote of the members, adopted a resolution levying upon all the taxable property in the county, a direct annual tax sufficient in amount to pay the annual installments of principal and interest, as they fall due, all in accordance with Article XI, Sec. 3 of the Constitution and Sec. 24.66(5), Wisconsin Statutes. A copy of the aforesaid resolutions, certified to by the clerk, as adopted at the meeting, and as recorded in the minutes of the meeting, accompanies this application. A statement of the equalized valuation of all the taxable property within the County of St Croix certified to by the clerk, accompanies this application. Given under our hands in the County of St Croix, Wisconsin, this day of 20 Chairman, County of St Croix Clerk, County of St Croix RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 3 FORM OF RECORD The following preamble and resolutions were presented by Supervisor and were read to the meeting. By the provisions of Sec.24.66 of the Wisconsin Statutes, all municipalities may borrow money for such purposes in the manner prescribed, and, By the provisions of Chapter 24 of the Wisconsin Statutes, the Board of Commissioners of Public Lands of Wisconsin is authorized to make loans from the State Trust Funds to municipalities for such purposes. (Municipality as defined by Sec. 24.60(2) of the Wisconsin Statutes means a town, village, city, county, public inland lake protection and rehabilitation district, town sanitary district created under Sec. 60.71 or 60.72, metropolitan sewerage district created under Sec. 200.05 or 200.23, joint sewerage system created under Sec. 281.43(4), school district or technical college district.) THEREFORE, BE IT RESOLVED, that the County of St Croix, Wisconsin, borrow from the Trust Funds of the State of Wisconsin the sum of Three Hundred Ten Thousand And 00 /100 Dollars ($310,000.00) for the purpose of financing IT, telephone and communications equipment, and parking lot replacement and for no other purpose. The loan is to be payable within 5 years from the 15th day of March preceding the date the loan is made. The loan will be repaid in annual installments with interest at the rate of 5.00 percent per annum from the date of making the loan to the 15th day of March next and thereafter annually as provided by law. RESOLVED FURTHER, that there shall be raised and there is levied upon all taxable property, within the County of St Croix, Wisconsin, a direct annual tax for the purpose of paying interest and principal on the loan as they become due. RESOLVED FURTHER, that no money obtained by the County of St Croix by such loan from the state be applied or paid out for any purpose except financing IT, telephone and communications equipment, and parking lot replacement without the consent of the Board of Commissioners of Public Lands. RESOLVED FURTHER, that in case the Board of Commissioners of Public Lands of Wisconsin agrees to make the loan, that the chairman and clerk of the County of St Croix, Wisconsin, are authorized and empowered, in the name of the county to execute and deliver to the Commission, certificates of indebtedness, in such form as required by the Commission, for any sum of money that may be loaned to the county pursuant to this resolution. The chairman and clerk of the county will perform all necessary actions to fully carry out the provisions of Chapter 24, Wisconsin Statutes, and these resolutions. RESOLVED FURTHER, that this preamble and these resolutions and the aye and no vote by which they were adopted, be recorded, and that the clerk of this county forward this certified record, along with the application for the loan, to the Board of Commissioners of Public Lands of Wisconsin. - d RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 4 Supervisor moved adoption of the foregoing preamble and resolutions. The question being upon the adoption of the foregoing preamble and resolutions, a vote was taken by ayes and noes, which resulted as follows: 1. Supervisor voted 2. Supervisor voted 3. Supervisor voted 4. Supervisor voted 5. Supervisor voted 6./ Supervisor voted 7. Supervisor voted 8. Supervisor voted 9. Supervisor voted 10. Supervisor voted 11. Supervisor voted 12. Supervisor voted 13. Supervisor voted 14. Supervisor voted 15. Supervisor voted 16. Supervisor voted 17,.. Supervisor voted 18. Supervisor voted 19. Supervisor voted 20. Supervisor voted 21. Supervisor voted 22. Supervisor , voted 23. Supervisor . �votd N. RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 5 24. Supervisor voted 25. Supervisor voted 26. Supervisor voted 27. Supervisor voted 28. Supervisor voted 29. Supervisor voted 30. Supervisor voted 31. Supervisor voted 32. Supervisor voted 33. Supervisor voted 34. Supervisor voted 35. Supervisor voted 36. Supervisor voted 37. Supervisor voted 38. Supervisor voted 39. Supervisor voted 40. Supervisor voted 41. Supervisor voted 42. Supervisor voted 43. Supervisor voted 44. Supervisor voted 45. Supervisor voted A majority of the members of the county board of supervisors of the County of St Croix, State of Wisconsin, having voted in favor of the preamble and resolutions, they were declared adopted. RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 6 STATE OF WISCONSIN County of St Croix I, , Clerk of the County of St Croix, State of Wisconsin, do hereby certify that the foregoing is a true copy of the record of the proceedings of the board of supervisors of the County of St Croix at a meeting held on the day of , 20 , relating to a loan from the State Trust Funds. I further certify that I have compared the same with the original record thereof in my custody as clerk and that the same is a true copy thereof, and the whole of such original record. I further certify that the board of supervisors of the County of St Croix is constituted by law to have members, and that the original of said preamble and resolutions was adopted at the meeting of the board of supervisors by a vote of ayes to noes and that the vote was taken in the manner provided by law and that the proceedings are fully recorded in Vol. on page of the records of the county. IN TESTIMONY WHEREOF, I have hereunto set my and affixed the seal of the County of St Croix this day of , 20 Clerk (Signature) Clerk (Print or Type Name) County of St Croix State of Wisconsin RETURN THIS ORIGINAL. DO NOT PHOTOCOPY. Page 7 STATE OF WISCONSIN COUNTY OF ST CROIX TO: THE BOARD OF COMMISSIONERS OF PUBLIC LANDS , Clerk of the County of St Croix, State of Wisconsin, do hereby certify that it appears by the books, files and records in my office that the valuation of all taxable property in the County of St Croix is as follows: EQUALIZED VALUATION FOR THE YEAR 20 * $ * Latest year available I further certify that the whole existing indebtedness of the County of St Croix, State of Wisconsin, is as follows (list each item of indebtedness): NAME OF CREDITOR PRINCIPAL BALANCE $ . • „ ,(EXCL4JDING pITER,EST),. . $ TOTAL INDEBTEDNESS: Clerk (Signature) Clerk (Print or Type Name) County of St Croix State of Wisconsin , 20 Date THE TOTAL INDEBTEDNESS, INCLUDING THE TRUST FUND LOAN APPLIED FOR, MAY NOT EXCEED 5% OF THE VALUATION OF THE TAXABLE PROPERTY AS EQUALIZED FOR STATE PURPOSES. (Sec. 24.63(1), Wis. Stats., 1989-90) cc 3 I RETURN THIS ORIGINAL. DO NOT PHOTOCOPY.