HomeMy WebLinkAboutItem 18 - Ford Vehicles CC ITEM #18
MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER 01-
MEETING DATE: APRIL 16, 2013
SUBJECT: REIMBURSEMENT RESOLUTION FOR THE PURCHASE OF
SEVEN FORD VEHICLES FOR THE POLICE DEPARTMENT
RECOMMENDATION:
Consider a reimbursement resolution expressing intent to finance expenditures to be
incurred relative to the purchase of seven Ford vehicles for use byte Police
Department.
BACKGROUND:
This resolution allows for the reimbursement of preliminary expenses for the purchase of
seven For vehicles for use byte Police Department. The total cost of these seven
vehicles is budgeted at $205,000.00.
April 9,2613 (2:29PM)
CC ITEM #18
RESOLUTION
put 1C(.
RESOLUTION THE CITY I THE CITY
GRAPEVINE, TEXAS, EXPRESSING INTENT TO FINANCE
EXPENDITURES TO BE INCURRED AND PROVIDING
EFFECTIVE
WHEREAS, the City of Grapevine, Texas t "City") is a political subdivision o the
State of x s authorized to finance its activities by issuing obligations;
the i will make, or has made not more than 60 days prior to the date
hereof, payments with respect to the purchase of v en Ford vehicles f r use y the Police
Department; and
WHEREAS, the City has concluded it cues not currently sir to issue
obligations to finance e costs associated with the purchase; and
WHEREAS, the City desires to reimburse its I r the costs associated with the
purchase from the roc of obligations o be issued subsequent to the date hereof, and
WHEREAS, the City reasonably x e s to issue obligations to reimburse itself r
the costs associated with the uro as .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY IL OF THE CITY
GRAPEVINE, T .
Section 1. That the City reasonably expects to reimburse itself for costs that v
been or will be paid subsequent to the date that is 60 days prior to the date hereof and that
are to be paid in connection with the urch se of seven or vehicles r use olice
Department from roc e s of li tions to be issued subsequent tote date hereof.
Section i reasonably expects that the xi principal amount of
obligations, issuance costs and the costs incurred to reimburse the Ci r the purchase
will be $205,000.00.
Section 3. That this resolution shall take effect from r the date of its
passage.
PASSED AND APPROVED BY THE CITY I CITY OF
GRAPEVINE, , on this the 16th day of ril, 2013.
CC ITEM #18
TT
APPROVED AS TO FORM:
2