2022-2034 RESOLUTION NO. 2022-2034
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 2023; and
WHEREAS, the Common Council intends to fund this project through the 2023 General Fund
Note Issue with new borrowed funds in the amount of$900,000 in 2023 in the form of the issuance
of tax-exempt general obligation promissory notes, as outlined in the following table:
2023 General Fund Note Issue $900,000
Total Fire Apparatus Project Funding $900,000
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 $900,000; 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.
Motion by: Consent
ADOPTED: July 11, 2022 Second by: Consent
APPRO E Councilmember Aye Nay Pass Absent
Adz- Benson X
Mark A reitag, City Manage Burdick X
Jackson X
ATTEST: i/eztt6
Marklein
Marshick X
Lorena Rae Stottler, City Clerk-Treasurer Miller X
Williams X
APPROVED
A AS TO FORM:
Wald KlimczyK City Attorney
Proposed by: Janesville Fire Department
Prepared by: Janesville Fire Department