2016-1276 RESOLUTION NO. 2016 -1276
A Resolution authorizing the City Administration to expend funds to purchase golf carts
for 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, the City entered into a management contract with KemperSports (Kemper)
starting with the 2011 golf season.
WHEREAS, in 2011, Kemper leased 72 gas carts, two utility carts and two beverage
units from E -Z -GO for a term of five years; and
WHEREAS, this lease expires as of April 8, 2016 and golf carts are needed for the start
of the 2016 golf season; and
WHEREAS, staff has analyzed the cost of leasing versus purchasing and determined
that purchasing with the debt service attributed to the Golf Courses Fund is the most
cost - effective method of acquiring the carts; 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 acquire the golf carts for Riverside and Blackhawk Golf
Courses; and
WHEREAS, in order to have golf carts timely available for the start of the 2016 golf
season, certain capital costs estimated at $305,000 will need to be incurred prior to the
2016 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 $305,000 for the replacement of the golf carts at Riverside and
Blackhawk Golf Courses; and
BE IT FURTHER RESOLVED by the Common Council that this authorization commits
the Common Council to include $305,000 in the 2016 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.
RESOLUTION No. 2016 -1276
PAGE 2
ADOPTED: February 8, 2016 Motion by: Marklein
Second by: Gruber
APPROVED: Councilmember Aye Nay Pass Absent
`� Bobzien X
Deupree X
Mark A. reitag, City Manager Farrell X
Gruber X
ATT Liebert X
Marklein X
Tidwell X
David T. Godek, City Clerk- Treasurer
APPROVED AS TO FORM:
(I&Ze(W
Wald Klimczy , City Attorney
Proposed by: Public Works
Prepared by: Public Works