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2022-1970 RESOLUTION NO. 2022-1970 A resolution authorizing the purchase of eight police squad vehicles and related equipment. WHEREAS, the Common Council intends to purchase eight (8) new police squad vehicles, 2022 Ford Police Interceptor Utilities, and related equipment including transport seats, window barriers, wiring, and computer/radio consoles in 2022; and WHEREAS, the Common Council intends to fund this equipment through the 2022 General Fund Note Issue with new borrowed funds in the amount of $299,000 in 2022 in the form of the issuance of tax exempt general obligation promissory notes; and 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 Police Department eight (8) new squad vehicles and related equipment, and to take actions necessary to provide funding in the manner set forth above but not to exceed $299,000; No funds from sources other than the Notes 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 24, 2022 Motion by: Marklein Second by: Williams APPROVED: Councilmember Aye Nay Pass Absent Benson X Mark A. Fr it//gg,, CityMMaanager Jackson X a Johnson X ATTEST: Marklein X �� Mr k X Miller X Lorena Rae Stottler, City lerk-Treasurer Williams X APPROVED AS TO FORM: Wald KlimczyK, City Attorney Proposed by: Police Department Prepared by: City Manager's Office