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2021-1890 RESOLUTION NO. 2021-1890 A resolution authorizing the City Administration to expend funds to purchase two 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 2021 Vehicle Operation and Maintenance Equipment Replacement Schedule includes the replacement of two (2) automated waste collection vehicles, which have reached the end of their expected life; and WHEREAS, the City utilizes the issuance of debt in the Sanitation Fund to fund the replacement of automated waste collection vehicles. 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 $642,000 for the purchase of two (2) waste collection vehicles; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include up to $642,000 in the 2021 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: May 10, 2021 Motion by: Consent Second by: Consent APPROVED: Councilmember Aye Nay Pass Absent Benson X Mark A. re. ag, City Manager Jackson X Johnson X ATTEST. Marklein X Mr k X Miller X Derrek eise, Interim City Clerk-Treasurer Williams X APPROVED AS TO FORM: Wald Klimczyk, i y Attorney Proposed by: Operations Division Prepared by: Operations Division