2025-23072032 2,032,900.00
2033 1,953,000.00
2034 1,162,800.00
Section 6. Extension of Taxes. The amounts of taxes levied pursuant to Section 4 hereof
shall be carried onto the tax roll by the City from year to year and collected as other taxes are
collected, and such amounts may be reduced in any year only by any amount of surplus money in
the Debt Service Funds created pursuant to Section 67.11, Wisconsin Statutes.
Section 7. Debt Service Fund. There is hereby created a fund to be known as "General
Obligation Promissory Notes, Series 2025A, Debt Service Fund" to be established and maintained
in accordance with generally accepted accounting principles.
Into the Debt Service Fund there shall be deposited the following: (a) all premium and
accrued interest from the sale of the Notes; (b) all allocable money raised by taxation pursuant to
Section 5 hereof; (c) any surplus in the Borrowed Money Fund created in Section 4 hereof; and
(d)such additional amounts as may at any time be necessary to pay the principal of and interest on
the Notes, as the same shall become due.
Section 8. Dated Date. The Notes shall be initially dated the date of their delivery.
Section 9. Continued Validity. If any section, paragraph, clause or provision of this
resolution shall be invalid or ineffective for any reason, the remainder of this resolution shall remain
in full force and effect, it being expressly hereby found and declared that the remainder of this
resolution would have been adopted by the City Council despite the invalidity of such section,
paragraph, clause or provision.
Section 10. Effective Date. All orders or resolutions in conflict herewith are hereby
repealed insofar as such conflict exists, and this resolution shall take effect immediately upon its
passage, the public welfare requiring it.
5
4873-0859-5665.2
ADOPTED: March 10, 2025
APPROVED:
Kevin Lahner, City Manager
ATTEST:
Lorena Rae Stottler, City Clerk-Treasurer
APPROVED AS TO FORM:
u/a4/�
Wald Klimczyk, City Attorney
Proposed by: City Manager
Prepared by: Justin Reppe, Bond Counsel
4873-0859-5665.2
6
Motion by:
Aye Nay Pass Absent
Second by: Jackson
Council member
Burdick Jackson
Marshick
Miller
Neeno
Squire
Williams
Neeno
X
X
X
X
X
X
Resolution 2025-2307
Final Audit Report 2025-03-11
Created:2025-03-11
By:Elizabeth Lopez (lopeze@janesvillewi.gov)
Status:Signed
Transaction ID:CBJCHBCAABAAYKbusAsWAoXnwolaQHybYWjFX9n_SAyW
"Resolution 2025-2307" History
Document created by Elizabeth Lopez (lopeze@janesvillewi.gov)
2025-03-11 - 4:54:50 PM GMT
Document emailed to Kevin Lahner (lahnerk@janesvillewi.gov) for signature
2025-03-11 - 4:54:58 PM GMT
Email viewed by Kevin Lahner (lahnerk@janesvillewi.gov)
2025-03-11 - 4:58:05 PM GMT
Document e-signed by Kevin Lahner (lahnerk@janesvillewi.gov)
Signature Date: 2025-03-11 - 4:58:17 PM GMT - Time Source: server
Document emailed to Lorena Stottler (stottlerl@janesvillewi.gov) for signature
2025-03-11 - 4:58:19 PM GMT
Email viewed by Lorena Stottler (stottlerl@janesvillewi.gov)
2025-03-11 - 5:54:19 PM GMT
Document e-signed by Lorena Stottler (stottlerl@janesvillewi.gov)
Signature Date: 2025-03-11 - 5:54:38 PM GMT - Time Source: server
Agreement completed.
2025-03-11 - 5:54:38 PM GMT