2015-1174 RESOLUTION NO. 2015 -1174
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, 2013, and 2014 the City Council approved note
issues totaling $800,000 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 4 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 maintain a program to replace the equipment at Riverside
and Blackhawk Golf Courses; and
WHEREAS, the 2015 Major Capital Projects Budget anticipated expending
approximately One Hundred Fifty Five Thousand and 00/100 Dollars ($155,000) for Golf
Course Capital; and
WHEREAS, in order to have replacement equipment timely available for the start of the
2015 golf season, certain capital costs estimated at $110,000 will need to be incurred
prior to the 2015 Promissory Note Issue; and
WHEREAS, the Common Council hereby find that this expenditure and purchase
acquisitions are in the best interest of and benefit to the City of Janesville and
community;
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 $110,000 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 that this authorization commits
the Common Council to include $110,000 in the 2015 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 9, 2015 Motion by: Marklein
Second by: Liebert
APPROVED: Councilmember Aye Nay Pass Absent
Bobzien X
Farrell X
Mark . Freitag, City Manage Fitzgerald X
Liebert X
Marklein X
ATTEST: Severson X
7 1,41 7 J n Ann Wulf, City Clerk- Treasu r
APPROVED AS TO FORM:
Wald Klimczyk, City Attorney
Proposed by: Public Works
Prepared by: Public Works