2019-1614 RESOLUTION NO. 2019-1614
A resolution authorizing the purchase of a new ambulance.
WHEREAS, the Common Council intends to purchase a new ambulance; and
WHEREAS, the Common Council intends to fund a portion of this project through the 2019 General Fund Note
Issue with new borrowed funds in the amount of $202,000 in 2019 in the form of the issuance of tax exempt
general obligation promissory notes, as outlined in the following table:
2019 General Fund Note Issue $206,000
Vehicle Replacement Fund $48,000
Funds on Hand for Project $17,400
Total Fire Apparatus Project Funding $271,400
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
immediately purchase for prompt delivery to, and use by, the City of Janesville Fire Department a new
Ambulance, and to take actions necessary to provide funding in the manner set forth above but not to exceed
$271,400; 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.
ADOPTED: January 28, 2019 Motion by: Consent
Second by: Consent
APPROVED: 7 Conley X Councilmember Aye Nay Pass Absent
/
A1/1/14 LL Farrell X
Mark A. Fr: tag, City Manager Gruber X
/ Jorgensen X
ATT• Marklein X
_ Ar
Williams X
j lir ( / Wolfe X
i.vid I . Godek, Cit Clerk-Treasurer
APPROVED AS TO FORM:
Wald Klimczy ty Attorney
Proposed by: Fire Department
Prepared by: Fire Department