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2019-1618 RESOLUTION NO. 2019-1618 A resolution authorizing the City Administration to expend funds to purchase three solid waste collection vehicles. WHEREAS, the Department of Public Works is responsible for the efficient and effective collection of waste and recyclable materials from residences in the City of Janesville; and WHEREAS, having a reliable and functional fleet of collection vehicles is necessary to ensure waste and recyclables are collected; and WHEREAS, the City's existing fleet of automated waste collection vehicles have reached the end of their expected life; NOW, THEREFORE BE IT RESOLVED, by the Common Council of the City of Janesville that they hereby approve and authorize the City to expend funds not to exceed $860,000 for the purchase of three (3) waste collection vehicles; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include up to $860,000 in the 2019 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: February 11, 2019 Motion by: Consent Second by: Consent APPROVE : Councilmember Aye Nay Pass Absent Conley X Farrell X Mark A. reitag, City Manager Gruber X .1d/ Jorgensen X ATT • Marklein X Williams X #1I t. Wolfe X David T. Godek, Ci y Clerk-Treasurer APPROVED AS TO FORM: Wald Klimczyk, City Attorney Proposed by: Operations Division Prepared by: Operations Division