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2016-1356 RESOLUTION NO. 2016 -1356 A RESOLUTION committing the City to the matching funds necessary for the purchase of three transit buses. 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, 76% of the City's transit bus fleet currently meets federal replacement criteria; and WHEREAS, 100% of City's transit bus fleet is expected to meet the federal replacement criteria by 2018; and WHEREAS, the City of Janesville has a long history of aggressively pursuing funding opportunities that leverage local funds for the purchase of transit vehicles; and WHEREAS, every two years the Janesville Metropolitan Planning Organization (MPO) is allocated funds for transportation- related projects from the U.S. Department of Transportation, Federal Highway Administration Surface Transportation Program (STP Program); and WHEREAS, the Wisconsin Department of Transportation administers the STP Program funds on behalf of the U.S. Department of Transportation, Federal Highway Administration; and WHEREAS, on October 4, 2016 the Janesville MPO Technical Advisory Committee recommended to the MPO Policy Board the re- allocation of $1,176,000 in STP funds for the purchase of three transit buses; and WHEREAS, on October 24, 2016 the Janesville MPO Policy Board approved the re- allocation of $1,176,000 in STP funds for the purchase of three transit buses; and WHEREAS, the City of Janesville must fund locally 20% of the project cost, and the Federal Highway Administration's share using STP funds will fund eighty percent (80 %) of the project cost; and WHEREAS, the City of Janesville agrees to fund the local share for this bus replacement project, currently estimated in the amount of two hundred and ninety four thousand and 00/100 Dollars ($294,000), of the total project costs from future City borrowing proceeds; and WHEREAS, by adopting this Resolution, the Common Council declares its support for purchasing three transit buses using STP funds; and WHEREAS, the Common Council hereby finds that this project, fund allocation, 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 materials and request the re- allocation of funding related to the purchase of three transit buses to the U.S. and State of Wisconsin Departments of Transportation 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 two hundred and ninety four thousand and 00/100 Dollars ($294,000), 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 long -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: October 24, 2016 Motion by: Jorgensen Second by: Marklein APPROVED: Councilmember Aye Nay Pass Absent Deupree X Gruber X Mark A. reitag, C Manager Jorgensen x Liebert X ATTE Marklein X / Tidwell X / ��'�� Williams X David T. Godek, City ' erk- Treasurer APPROVED AS TO FORM: da.47/W Wald Klimczyk, City Attorney Proposed by: Transit Director Prepared by: Transit Director