2014-1083 RESOLUTION NO. 2014 -1083
A Resolution authorizing the City Administration to expend funds to make improvements
to and replace various pieces of maintenance equipment at Riverside and Blackhawk
Golf Courses.
WHEREAS, on December 31, 2010, the lease with Crown Golf Properties, L.P., an
Illinois Limited Partnership, ( "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 most of the furnishings, fixtures, and equipment; and
WHEREAS, in 2010, 2011, 2012, and 2013 the City Council approved note issues
totaling $600,000 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 aged
furnishings, fixtures, and equipment; and
WHEREAS, the City's experience over the last 3 years indicates the current fleet of
maintenance equipment is experiencing increasing maintenance costs and equipment
downtime; and
WHEREAS, in order to continue to provide the quality high service levels and
maintenance standards that Janesville golfers have enjoyed and expect at the municipal
courses, the City needs to begin a program to replace the equipment at Riverside and
Blackhawk Golf Courses; and
WHEREAS, in order to better accommodate golfers of all abilities and ages the City of
Janesville has embarked upon a program to add a fourth set of tees at Riverside Golf
Course; and
WHEREAS, the 2014 Major Capital Projects Budget anticipated expending
approximately Two Hundred Thousand and 00/100 Dollars ($200,000) for Golf Course
Capital; and
WHEREAS, in order to have replacement equipment available for the start of the 2014
golf season, certain capital costs estimated at $200,000 will need to be incurred prior to
the 2014 Promissory 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 $200,000 for improvements to and the replacement of furnishings
and equipment at Riverside and Blackhawk Golf Courses; and
BE IT FURTHER RESOLVED by the Common Council of the City of Janesville that this
authorization commits the Common Council to include $200,000 in the 2014 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.
ADOPTED: March 10, 2014 Motion by: Kealy
Second by: Severson
APPROVED: / Councilmember Aye Nay Pass Absent
Farrell X
Fitzgerald X
Mark . Freitag, City Mana■ , - Kealy X
Liebert X
1 Marklein X
ATTEST: Severson X
,� � Voskuil X
J n Ann Wu f, City Clerk -Tre surer
APPROVED AS TO FORM.
Wald Klimczyk, C Attorney
Proposed by: Administrative Services
Prepared by: Administrative Services