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2016-1368 RESOLUTION NO. 2016-1368 A Resolution authorizing the City Administration to expend funds to upgrade the Sanitary Landfill compactor to a larger and heavier unit. WHEREAS, the City's objective is to ensure efficient and effective operations at its Sanitary Landfill; and WHEREAS, maximizing compaction and waste densities at its Sanitary Landfill improves the overall efficient and effective operation of the Sanitary Landfill and extends the useful life of the facility; and WHEREAS, increasing the operating weight of the Sanitary Landfill compactor will increase waste densities, result in a more efficient and effective operation of the Sanitary Landfill, and extend the useful life of the facility; and WHEREAS, the Common Council hereby find that this expenditure is 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 an additional $350,000 for an upgrade of the Sanitary Landfill compactor to a heavier unit; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include $350,000 in the 2017 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: December 12, 2016 Motion by: Consent Second by: Consent APPROVED. 7Councilmember Aye Nay Pass Absent / Deupree X L Gruber X Mark A. ' eitag, City Manager Jorgensen X Liebert X ATJ S ': Marklein X Tidwell X Williams X David odek, City C erk-Treasurer APPROVED AS TO FORM: d-e,41/W Wald Klimczyk, City Attorney Proposed by: Operations Division Prepared by: Operations Division