2017-1490 RESOLUTION NO. 2017-1490
A Resolution authorizing the purchase of two new Netwo rK 130IcKup Devices.
WHEREAS, the Common Council intends to purchase two new network backup devices; and
WHEREAS, the City Council intends to fund this project through the 2018 Note Issue with new borrowed funds
in the amount of $104,148 in the form of the issuance of tax exempt general obligation promissory notes, as
outlined in the following table:
2018 General Fund Note Issue _ $73,148
2018 Wastewater Utility Note Issue $31,000
2018 Water Utility User Fee funds $31.000
Total Network Backup Project Funding $135,148
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 Information Technology Office, two new network backup
devices, and to take actions necessary to provide funding in the manner set forth above but not to exceed
$135,148; 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: December 11. 201 7
Motion by: Consent
APPROVED: 4:7 Second by: Consent
Council Member Aye Nay Pass Absent
Mark A. reitag, City Mane.er
x
Conley
AT�- T, � r Farrell x
x
-yid T_ Godek, City Clerk-Treasurer Gruber
x
APPROVED AS TO FORM: Jorgensen
Wald Klimc k, City Attorney x
Williams
Proposed by: Information Technology Office = x
Wolfe
Prepared by: Information Technology Office