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HomeMy WebLinkAboutItem 15 - Motorcycles CC ITEM#15 MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: BRUNO RUMBELOW, CITY MANAGER MEETING DATE: MAY 7, 2013 SUBJECT: REIMBURSEMENT RESOLUTION FOR THE PURCHASE OF TWO HARLEY-DAVIDSON POLICE MOTORCYCLES RECOMMENDATION: Consider a reimbursement resolution expressing intent to finance expenditures to be incurred relative to the purchase of two Harley-Davidson motorcycles for use by the Police Department. BACKGROUND: This resolution allows fort e reimbursement of preliminary expenses for the purchase of two Harley-Davidson motorcycles for use by the Police Department. The total cost of these two vehicles is budgeted at an amount not to exceed $46,777.82. to recommends approval. April 24, 2013(3:30PM) CC ITEM##1E RESOLUTION NO. y�LES RESOLUTION OF THE CITY I THE CITY OF GRAPEVINE, T , EXPRESSING INTENT TFINANCE EXPENDITURES TO BE INCURRED AND PROVIDING EFFECTIVE T WHEREAS, the City of r vi , Texas( "City") is a political subdivision of State of Texas ut oriz to finance its activities by issuing bli ionsP and the i ill make, or has made not more than ys priorto the hereof, payments with respect to the purchase of rl - vi n motorcycles for use by the olic ; and the i has conc!uded that it does not currently desire to issue obligations to finance the costs associated with purchase; WHEREAS, the City sirs to reimburse itself forte costs associated with the purchase from rocs s of obligations o be issued subsequent o the date hereof, and WHEREAS, the City reasonably expects to issue obligations o reimburse its I for the costs associated ih the purchase. ,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL F THE CITY GRAPEVINE, T . Section 1. That the City reasonably x cts to reimburse itself for costs that have been or will be paid subsequent to the date that is 60 days prior to the date hereof that are o be paid in connection with the purchase of two Harley-Davidson motorcycles for use by the Police Department from the roc s of obligations to be issued subsequent to the ate hereof. Section 2. That the i reasonably x cts that the maximum principal amount of obligations, issu nce costs n the costs incurr o reimburse the ity for the purchase will $46,777.82. Section 3. That this resolution s II take effect from r the of its passage. PASSED AND APPROVED BY THE CITY I THE CITY OF GRAPEVINE, TEXAS, on this the 7th day of y, 2013. CC ITEM##1E APPROVED: ATTEST, APPROVED AS TO FORM: 2