2017-1406 RESOLUTION NO. 2017-1406
A Resolution authorizing the purchase of a new fire apparatus.
WHEREAS, the Common Council intends to fund this project through the 2017 General Fund Note Issue:
New borrowed funds in the amount of $525,000 in 2017 in the form of the issuance of tax exempt general
obligation promissory notes, as outlined in the following table:
2017 General Fund Note Issue $525,000
Total Fire Apparatus Project Funding $525,000
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 Fire
Engine, and to take actions necessary to provide funding in the manner set forth above but not to exceed
$525,000; 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: March 27, 2017 Motion by: Williams
Second by: Gruber
APPROVED: Councilmember Aye Nay Pass Absent
Deupree X
Gruber X
Mark A. F itag, City Manager Jorgensen X
Liebert X
A , ,wadi Williams X
David T. Godek, City Cl- -Treasurer
APPROVED AS TO FORM:
Wald Klimczy ty Attorney
Proposed by: Fire Department
Prepared by: Fire Department