2020-1736 RESOLUTION NO. 2020-1736
A resolution authorizing the purchase of a new fire engine and related equipment.
WHEREAS, the Common Council intends to purchase a new fire engine and the necessary related
equipment in 2020; and
WHEREAS, the Common Council intends to fund a portion of this project through the 2020 General
Fund Note Issue with new borrowed funds in the amount of $600,000 in 2020 in the form of the
issuance of tax exempt general obligation promissory notes, as outlined in the following table:
2020 General Fund Note Issue $600,000
Vehicle Replacement Fund $48,000
Total Fire Apparatus Project Funding $648,000
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
fire engine and necessary related equipment, and to take actions necessary to provide funding in the
manner set forth above but not to exceed $600,000; No funds from sources other than the notes or
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: February 10, 2020 Motion by: Consent
Second by: Consent
APPROVED:
a
Councilmember Aye Na; Pass Absent
Benson X
Mark A. reitag, City Manager Conley X
Farrell X
ATTE Gruber X
Marklein X
'/142
, — _------ Williams X
d T. Godek, City Clerk-Treasurer Wolfe X
APPROVED AS TO FORM:
Wald Klimczy , City Attorney
Proposed by: Fire Department
Prepared by: City Manager's Office