2015-1247 RESOLUTION NO. 2015 -1247
A Resolution authorizing the purchase of a new fire apparatus.
WHEREAS, the Common Council intends to fund this project by a combination of funding that includes:
Reallocating $100,000 remaining from previously borrowed 2013 note issue proceeds; and
New borrowed funds in the amount of $568,384 in 2016 in the form of the issuance of tax exempt general
obligation promissory notes, as outlined in the following table:
Funds Available from 2013 Note Issue $100,000
2016 General Fund Note Issue $568,384
Total Fire Apparatus Project Funding $668,384
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 Fire Department a new multi-
purpose response vehicle, and to take actions necessary to provide funding in the manner set forth above but
not to exceed $668,384; No funds from sources other than the Notes or the Available Funds 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; and
ADOPTED: October 26, 2015 Motion by: Liebert
Second by: Tidwell
APPROVED: Councilmember Aye Nay Pass Absent
Deup en X
Deupree X
Mark A. F eitag, City Manager Farrell X
Gruber X
ATT Liebert X
Marklein X
Tidwell X
David T. Godek, City Clerk- Treasurer
APPROVED AS TO FORM:
Wald Klimczy ty Attorney
Proposed by: Fire Department
Prepared by: Fire Department