2017-1445 RESOLUTION NO. 2017-1445
A Resolution authorizing the purchase of two new Ambulances.
WHEREAS, the Common Council intends to purchase two new ambulances; and
WHEREAS, the City Council intends to fund this project through the 2018 General Fund Note Issue with new
borrowed funds in the amount of $494,140 in the form of the issuance of tax exempt general obligation
promissory notes, as outlined in the following table:
2018 General Fund Note Issue $494,140
Total Ambulance Project Funding $494,140
WHEREAS, such above proposed public projects and purposes and the issuance of such promissory notes will
be beneficial to the City and in the best interest of the community.
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 purchase
for delivery to, and use by, the City of Janesville Fire Department, two new Ambulances, and to take actions
necessary to provide funding in the manner set forth above but not to exceed $494,140; 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: July 24, 2017
Motion by: Conley
APPROVED: Second by: Williams
Council Member Aye Nay Pass Absent
Mark
Wit/
itag, City Manager Conley X
Farrell X
ATT / Gruber X
lair
� Jorgensen X
/f/ % �Y / Marklein X
vi. T. Godek, City Clerk-Treasurer Williams X
Wolfe X
APPROVED AS TO FORM:
Tim Wellnitz, Assistant City Attorney
Proposed by: Fire Department
Prepared by: Fire Department