RESOLUTION NO. 10677-091906

BY COMMITTEE OF THE WHOLE

RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK

TO EXECUTE DOCUMENTS RELATED TO

SECURITIES REGISTERED TO THE CITY OF OAK CREEK

THROUGH THE EQUITABLE/AXA COMPANIES.

WHEREAS,  the City of Oak Creek has engaged the brokerage services of Savaglia Investments and Planning; Donald Savaglia, Financial Advisor; and David Voelz, Financial Consultant, to handle the transaction on the City’s behalf; and,

WHEREAS, the City of Oak Creek intends to liquidate stock certificates registered in the name of the City of Oak Creek through the Equitable/AXA Companies;

            NOW, THEREFORE, BE IT RESOLVED that Richard R. Bolender, Mayor, and Beverly A. Buretta, City Clerk, are hereby authorized to sell, assign and endorse for transfer, certificates representing stocks, bonds, or other securities now registered or hereafter registered in the name of the City of Oak Creek, that have accrued to the City through the Equitable/AXA Companies.

            BE IT FURTHER RESOLVED that a certified copy of this resolution shall be provided to Savaglia Investments and Planning by the City Clerk’s office.

            Introduced at a meeting of the Common Council of the City of Oak Creek held this 19^th day of September, 2006.

                                                                                                _______________________

                                                                                                President, Common Council

            Approved this 19^th day of September, 2006.

                                                                                                _______________________

ATTEST:                                                                                 Mayor

___________________________                              VOTE:  Ayes _____ Noes _____

City Clerk