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2023-2152 RESOLUTION NO. 2023-2152 A resolution authorizing the City Administration to expend funds to purchase landfill- quality clay. WHEREAS,the Department of Public Works, Operations Division is responsible for the operation, maintenance, construction, closure, and long-term care of the City's solid waste disposal sites; and WHEREAS, over the next four years, the City will complete necessary projects at the Sanitary Landfill that will require about 150,000 cubic yards of landfill-quality clay, which is more than is currently in reserve at the Sanitary Landfill; and WHEREAS, proactively procuring clay assists with completing efficient and effective landfill capital projects and maintaining landfill operations for customers; and WHEREAS, the City intends to utilize the Sanitation Capital Projects Fund and issue debt in the Sanitation Fund to purchase clay from a local source that has been tested and approved by the Wisconsin Department of Natural Resources; and WHEREAS, the Common Council finds this purchase and future capital fund borrowing and payments are each in the best interest of, and of benefit to, the City and its residents, businesses, and guests. 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 $1,580,000 for the purchase of landfill quality clay; and BE IT FURTHER RESOLVED by the Common Council that this authorization commits the Common Council to include up to $1,240,000 in the 2024 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: August 28, 2023 Motion by: Consent _ Second by: Consent APPROVED: 1:4_1)14, Benson Aye Nay Pass Absent Benson X Kevin M. Lahner, City Manager Burdick X Jackson X ATTEST: Marshick X n2/1J Miller X Neeno X Lorena Rae Stottler, Ci y Clerk-Treasurer Williams X APPROVED AS TO FORM: Wald Klimczyk, City Attorney Proposed by: Operations Division Prepared by: Operations Division