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2020-1737 RESOLUTION NO. 2020-1737 A resolution authorizing the purchase and installation of automated meter reading infrastructure. WHEREAS, the Department of Public Works is responsible for reading water meters timely and efficiently to provide the customers with accurate billing data; and WHEREAS, having a reliable and functional meter reading program will allow bills to be accurate and timely; and WHEREAS, the City's existing meter reading program consists of driving by customers properties and collecting the reading data from a computer located in a vehicle; WHEREAS, this program will allow meters to be read remotely by the transmitter installed in the property to send the meter read electronically to a radio collector that then sends the reading to City Hall to be processed. 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 $550,000 for the purchase of Automated Meter reading infrastructure; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include up to $550,000 in the 2020 General Obligation 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 10, 2020 Motion by: Consent Second by: Consent APPROVED: Councilmember Aye Nay Pass Absent Benson X tal Conley X Mark A Freitag, City Manager Farrell X Gruber X ATTE Marklein X Williams X i / Wolfe X %avid T. Godek, City Clerk-Treasurer APPROVED AS TO FORM: Wald Klimczft, City Attorney Proposed by: Utility Division Prepared by: Utility Division • i