2012-885 RESOLUTION NO. 2012- 885
A Resolution authorizing the City Administration to expend funds to replace various
pieces of turf maintenance equipment at Riverside and Blackhawk golf courses.
WHEREAS, on December 31, 2010, the lease with Crown Golf for Riverside and
Blackhawk golf courses expired and the City of Janesville assumed maintenance
responsibilities; and
WHEREAS, under the lease agreement with Crown Golf the Lessee (Crown Golf)
owned all the turf maintenance equipment; and
WHEREAS, in 2010 and 2011 the City Council approved note issues totaling $200,000
for golf course capital; and
WHEREAS, in order to provide continuity of operations the City of Janesville purchased
all assets at Riverside and Blackhawk golf courses from Crown Golf, including a fleet of
aged turf maintenance equipment; and
WHEREAS, the City's experience over the last year indicates the current fleet of
maintenance equipment is experiencing increasing maintenance costs and equipment
downtime; and
WHEREAS, in order to continue the high maintenance standards Janesville golfers
have enjoyed and expect at the municipal courses the City needs to begin a program to
replace the maintenance equipment and Riverside and Blackhawk golf courses; and
WHEREAS, the 2012 Major Capital Projects Budget anticipated expending $200,000 for
Golf Course Capital; and
WHEREAS, in order to have replacement equipment available for the start of the
mowing season certain capital costs estimated at $250,000 will need to be incurred
prior to the 2012 Note Issue
NOW, THEREFORE BE IT RESOLVED, by the Common Council of the City of
Janesville that they hereby approve and authorize the City Administration to expend
funds not to exceed $250,000 for the replacement of turf maintenance equipment at
Riverside and Blackhawk golf courses; and
BE IT FURTHER RESOLVED by the Common Council of the City of Janesville that is
commits to include $200,000 in the 2012 tax exempt obligation promissory note issue
for this purpose as permitted by the Internal Revenue Code of 1986. This declaration of
official intent is consistent with the budgetary and financial circumstances of the City.
The purpose of this Resolution is to satisfy the "official intent" requirement of the
Treasury Regulation Section 1.150 -2.
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ADOPTED: Februa 13 2012 Motion by: McDonald
Second by: Voskuil
APPROVED:
/ Councilmember Aye Nay Pass Absent
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. i i i // Do -Adams X
Eric J. L- itt, Ci ; Tanager Liebert X
McDonald X
ATTEST: Rashkin X
Steeber X
Or 4‘...... 44.4 L 4 ir Voskuil X
Je- Ann Wulf, City Clerk- Treasure
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by Operations Division _r • Prepared by Operations Division y =.„,