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2000-01RESOLUTION NO. 2000-1 A resolution authorizing the renovation of the existing Senior Center, the construction of an addition thereto, the provision of improved parking and designating funding sources therefore. WHEREAS, the existing Senior Center, located at 69 South Water Street, owned by the City of Janesville, no longer meets the current and future needs of senior residents in the Janesville area; and WHEREAS, the "Senior Center Programming Feasibility Study" identified the need for a 16,000 square foot facility and improved parking to meet the projected needs of Janesville senior residents until 2010; and WHEREAS, to achieve a 16,000 square foot facility with adequate parking, renovation of the existing building, an addition, and improved parking are needed; and WHEREAS, renovation of the existing building and parking improvements in such manner will address these deficiencies, and be in the best interest, welfare and benefit of the city and its residents; and WHEREAS, the City anticipates that proceeds of future debt will be expended by the City for such capital improvement and the City anticipates reimbursement for such expenditures with proceeds of such future debt. The maximum principal amount of outstanding debt expected to be issued for reimbursement of such expenditures is $870,000. This Resolution is a declaration of official intent under Treasury Regulation Section 1.150-2. NOW, THEREFORE BE IT RESOLVED by the Common Council of the City of Janesville that the Administration be authorized to renovate two floors of the existing Senior Center building, construct an addition of approximately 6,160 square feet, and improve parking for a total cost not to exceed $1,744,000, of which an amount not to exceed $870,000 shall be General Fund, an amount not to exceed $440,000 shall be Community Development Block Grant Funds, an amount not to exceed $125,000 shall be TIF Funds, and an amount of $310,000 shall be from grants and gifts; and BE IT FURTHER RESOLVED, that the City Manager and his designee(s), on behalf of the City of Janesville, is/are hereby authorized and empowered to negotiate, draft, modify, review, execute, enter into, record, file and/or to make agreements, minor modifications and/or amendments to any and all documents, papers, forms and agreements, and to take whatever other actions as the City Manager may, from time to time and at any time, determine necessary and/or desirable to effectuate the intent of this Resolution and/or project. ADOPTED: January 10, 2000 APPR D: -STeven E. Sheiffer,-City l~anager ATTEST: ; Je~ Ann wulf; ~ity ~ierk-T;easurer~'5 APPROVED AS TO FOR1VI~ ~t ~.~, City Xt~o~-e~ Proposed by: City Manager Prepared by: Administrative Analyst MOTION BY: Brien SECOND BY: Schneider COUNCILMEMBER Aye Nay Pass Absent WESTPHAL X MURPHY X STEHURA X BRIEN X O'LEARY X NOLL X SCHNEIDER X