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2016-1312 RESOLUTION NO. 2016 -1312 A RESOLUTION authorizing the City to submit a competitive discretionary grant application through the State of Wisconsin Department of Transportation to the Federal Transit Administration. WHEREAS, the Common Council of the City of Janesville recognizes the importance of maintaining the City's infrastructure, including the reliability of its fleet of vehicles which serve the public; and WHEREAS, the U.S. Department of Transportation, Federal Transit Administration, recently announced a competitive discretionary grant program to assist in the replacement of transit buses meeting federal replacement criteria; and WHEREAS, 65% of the City's transit bus fleet currently meets federal replacement criteria; and WHEREAS, the grant program administered by the Federal Transit Administration offers $211 million nationally to modernize and increase the reliability of transit bus service; and WHEREAS, the State of Wisconsin Department of Transportation will be submitting a consolidated grant application on behalf of interested transit systems in Wisconsin; and WHEREAS, the City of Janesville share under this grant program is twenty percent (20 %) of project cost, and the Federal Transit Administration's share is eighty percent (80 %) of project cost; and WHEREAS, by applying for this grant, the City of Janesville agrees to pay the local share of this bus replacement project, currently estimated in the amount of four hundred ninety -three thousand five hundred and 00/100 Dollars ($493,500), of the total project costs from future City borrowing proceeds; and WHEREAS, by adopting this Resolution, the Common Council declares its support for the City Administration to prepare and submit a grant application through the State of Wisconsin to the Federal Transit Administration; and WHEREAS, the Common Council hereby find that this grant application, grant, and program are each in the best interest and of benefit to the City of Janesville. NOW, THEREFORE, IT IS HEREBY RESOLVED by the Common Council of the City of Janesville that: 1. The City Administration is authorized to prepare and submit applications for and request funding and assistance available from the Federal Transit Administration for this particular project as described and set forth above; 2. The City of Janesville shall take any and all necessary actions to undertake, direct, and complete approved grant activities, and to comply with Federal rules for the program(s); and BE IT FURTHER RESOLVED, by the Common Council of the City of Janesville that they hereby approve and authorize the City Administration to take actions necessary to provide the local share "matching" funding for this project, currently estimated in the amount of four hundred ninety -three thousand five hundred and 00/100 Dollars ($493,500), of the total project costs, to come from future City borrowing proceeds; and that no funds from sources other than future borrowing on promissory notes or bonds are expected to be used, reserved, allocated on a Tong -term basis, or otherwise set aside by the City for the 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. The purpose of this Resolution is to satisfy the "official intent requirement" of Treasury Regulation Section 1.150 -2; and BE IT FURTHER RESOLVED, that the City Manager and his designee(s), on behalf of the City of Janesville, is /are hereby jointly and severally authorized and empowered to negotiate, draft, review, revise, modify, amend, execute, enter into, file and /or record additional applications, agreements, amendments, documents, reports, and letters of understanding concerning this matter, and to take whatever additional other actions that the City Manager may determine from time to time and at any time, necessary and /or desirable in the public interest to effectuate the intent of this Resolution. ADOPTED: May 9, 2016 Motion by: Gruber Second by: Williams APPROVED: / Councilmember Aye Nay Pass Absent Deupree X / Gruber X Mar A . Freitag, City Manag Jorgensen X Liebert X ATT / /- Marklein X Tidwell X / , i Williams X David T. Godek, City Clerk- Treasurer APPROVED AS TO FORM: Wald Klimc k, City Attorney Proposed by: Transit Director Prepared by: Transit Director