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2023-2089 RESOLUTION NO. 2023-2089 A resolution authorizing the City Administration to expend funds to purchase one solid waste collection vehicle. 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 2023 Vehicle Operation and Maintenance Equipment Replacement Schedule includes the replacement of one (1) automated waste collection vehicle, which has reached the end of its expected life; and WHEREAS, the City utilizes the issuance of debt in the Sanitation Fund to purchase replacement 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 $383,000 for the purchase of one (1) waste collection vehicle; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include up to $383,000 in the 2023 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: February 27, 2023 Motion by: Consent Second by: Consent APPROVE Councilmember Aye Nay Pass Absent Benson X David J. Moo cting ity Manager Burdick X Jackson X ATTEST' Marklein X � Mr k X Miller X Lorena Rae Stottler, City Clerk-Treasurer Williams X APPROVED AS TO FORM: Wald Klimczyk Wald Klimczyk, City Attorney Proposed by: Operations Division Prepared by: Operations Division