HomeMy WebLinkAboutItem 18 - All Terrain Vehicles CC ITEM#18
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
ALL TERRAIN VEHICLES FOR THE POLICE DEPARTMENT
RECOMMENDATION:
Consider a reimbursement resolution expressing intent to finance expenditures to be
incurred relative to the purchase of two Polaris All Terrain Vehicles for use by the Police
Department.
BACKGROUND:
This resolution allows for the reimbursement of preliminary expenses for the purchase of
two Polaris All Terrain Vehicles for use by the Police Department. The total cost of
these two vehicles is budgeted at an amount not to exceed $16,540.00.
to recommends approval.
April 26,2013 (2:54PM)
CC ITEM#18
RESOLUTION O.
,96L.Ice
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF A—ry
GRAPEVINE, TEXAS, EXPRESSING INTENT TO FINANCE
EXPENDITURES TO BE INCURRED AND PROVIDING AN
EFFECTIVE DATE
WHEREAS, the City of Grapevine, Texas(the"City") is a political subdivision of the
State of Texas authorized to finance its activities by issuing obligations; and
WHEREAS, the
it will make, or has made not more than 60 days prior tot date
hereof, payments with respect to the purchase of two Polaris All Terrain Vehicles for use by
the Police Department; and
WHEREAS, the City has concluded that it does not currently desire to issue
obligations to finance the costs associated with the purchase; and
WHEREAS, the City desires to reimburse itself for the costs associated with the
purchase from the proceeds of obligations to be issued subsequent to the date hereof; and
WHEREAS, the City reasonably expects to issue obligations to reimburse itself for
the costs associated with the purchase.
, T BE IT RESOLVED BYTHE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:
Section 1. That the City reasonably expects to reimburse itself for costs that have
been or will be paid subsequent tot date that is 60 days prior tot date hereof and that
are to be paid in connection with the purchase of two Polaris All Terrain Vehicles for use by
the Police Department from the proceeds of obligations to be issued subsequent to the
date hereof.
Section 2. That the City reasonably expects that the maximum principal amount of
obligations, issuance costs and the costs incurred to reimburse the City for the purchase
will be $16,540.00.
Section 3. That this resolution shall take effect from and after the date of its
passage.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, on this the 7 th day of May, 2013.
CC ITEM##18
APPROVED:
ATTEST-
APPROVED
TO FORM:
2