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2024-2242RESOLUTION NO. 2024-2242 A resolution authorizing the purchase of eight police squad vehicles and related equipment. WHEREAS, the Common Council intends to purchase eight (8) new police squad vehicles and related equipment including push bumpers, pit bars, window barriers, wiring, and computer/radio consoles in 2025; and WHEREAS, the Common Council intends to fund this equipment through the 2025 General Fund Note Issue with new borrowed funds in the amount of $380,200 in 2025 in the form of the issuance of tax- exempt general obligation promissory notes; and WHEREAS, such above proposed public projects and purposes and the issuance of such promissory notes will be beneficial to the City and in the best interest of the community. NOW, THEREFORE, BE IT RESOLVED, by the Common Council of the City of Janesville that: 1. All above recitals are reiterated and incorporated herein as if fully set forth verbatim; and 2. The proposed purchase is hereby approved and the City Administration is fully authorized to immediately purchase for prompt delivery to, and use by, the City of Janesville Police Department eight (8) new police squad vehicles and related equipment, and to take actions necessary to provide funding in the manner set forth above but not to exceed $380,200; No funds from sources other than the Notes identified above are, or are expected to be, reserved, allocated on a long-term basis, or otherwise set aside by the City of Janesville for this acquisition or project, except as permitted by the Internal Revenue Code of 1986, as amended. This declaration of official intent is consistent with the budgetary and financial circumstances of the City of Janesville. The purpose of this Resolution is to satisfy the “official intent requirement” of Treasury Regulation Section 1.150-2. ADOPTED: July 8, 2024 APPROVED: Kevin M. Lahner, City Manager ATTEST: Lorena Rae Stottler, City Clerk-Treasurer APPROVED AS TO FORM: Wald Klimczyk, City Attorney Proposed by: Police Department Prepared by: Police Department Motion by: Consent Second by: Consent Councilmember Aye Nay Pass Absent Burdick X Jackson X Marshick X Miller X Neeno X Squire X Williams X 6e_-_COMPLETE_Squads Final Audit Report 2024-07-09 Created:2024-07-09 By:Carri Salus (salusc@ci.janesville.wi.us) Status:Signed Transaction ID:CBJCHBCAABAA1ex9VjfHSazNd9s-JNhoaP4PDzy4c2oY "6e_-_COMPLETE_Squads" History Document created by Carri Salus (salusc@ci.janesville.wi.us) 2024-07-09 - 4:28:17 PM GMT Document emailed to Kevin Lahner (lahnerk@janesvillewi.gov) for signature 2024-07-09 - 4:28:39 PM GMT Email viewed by Kevin Lahner (lahnerk@janesvillewi.gov) 2024-07-09 - 4:30:42 PM GMT Document e-signed by Kevin Lahner (lahnerk@janesvillewi.gov) Signature Date: 2024-07-09 - 4:30:49 PM GMT - Time Source: server Document emailed to Lorena Stottler (stottlerl@janesvillewi.gov) for signature 2024-07-09 - 4:30:50 PM GMT Email viewed by Lorena Stottler (stottlerl@janesvillewi.gov) 2024-07-09 - 4:56:01 PM GMT Document e-signed by Lorena Stottler (stottlerl@janesvillewi.gov) Signature Date: 2024-07-09 - 4:56:09 PM GMT - Time Source: server Agreement completed. 2024-07-09 - 4:56:09 PM GMT