City of Oak Creek

Common Council Report

Meeting Date: 05-06-08

Item No.:

Recommendation: That the Common Council receive a presentation from the City Administrator and Mr. Paul Thompson, Financial Advisor, regarding a potential spending plan for replacing the city hall, library, fire station No. 1 and fire station # 2.

Background: The administrator will partner with Mr. Paul Thompson, Senior Vice President at Hutchinson, Shockey, Early & Co. to present information about anticipated revenue from Public Utility Aid and how a portion of those funds could be dedicated to debt service to pay for the construction of a new civic center (to include city hall and library) as well as a new fire station # 1 and fire station # 2.

Fiscal Impact: There is no financial impact associated with this presentation…. Unless followed.

Prepared and Submitted by: Patrick DeGrave City Administrator

Fiscal Review by: Pamela Bauer City Clerk