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Home My WebLink AboutItem 11 - Intent to Finance Expeditures to be IncurredExpressing intent to finance expenditures to be incurred RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS, EXPRESSING INTENT TO FINANCE EXPENDITURES TO BE INCURRED AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City of Grapevine, Texas (the "Issuer") is a home rule city authorized to finance its activities by issuing obligations the interest on which is excludable from gross income for federal income tax purposes ("tax-exempt obligations") pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the "Code"); and WHEREAS, the Issuer will make, or has made not more than 60 days prior to the date hereof, payments with respect to the acquisition, construction, reconstruction or renovation of the property listed on Exhibit "A" attached hereto; and WHEREAS, the Issuer has concluded that it does not currently desire to issue tax-exempt obligations to finance the costs associated with the property listed on Exhibit "A" attached hereto; and WHEREAS, the Issuer desires to reimburse itself for the costs associated with the property listed on Exhibit "A" attached hereto from the proceeds of tax-exempt obligations to be issued subsequent to the date hereof; and WHEREAS, the Issuer reasonably expects to issue tax-exempt obligations to reimburse itself for the costs associated with the property listed on Exhibit "A" attached hereto. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. The Issuer reasonably expects to reimburse itself for all costs that have 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 acquisition, construction, reconstruction or renovation of the property listed on Exhibit "A" attached hereto from the proceeds of tax- exempt obligations to be issued subsequent to the date hereof. Section 2. The Issuer reasonably expects that the maximum principal amount of tax-exempt obligations issued to reimburse the Issuer for the costs associated with the property listed on Exhibit "A" attached hereto will not exceed $3,761,809. Section 3. That this resolution shall take effect from and after the date of its adoption. GRAPEVINE, TEXAS on this the 19th day of December, 2006. ATTEST: RES. NO. 2 EXHIBIT A Description Fleet Vehicles Replacement Computer and Technology related equipment acquisitions and replacements Equipment and Furnishings for City Departments Streets RES. NO. 3 Amount tic9 0 �61 ilk .14 * CAPITAL EQUIPMENT AC UISITI N PLAN FY 2-00.6-07-Proposed Operating Budget CMO - IT � Replacement of City Hall PCs --- -- �R-ee lacem-en-t-mo-nitors (mcludin WTP 21-LCD monit -- -- - --- - - - --- $1,-00--0 -- Wide Area Network replacements (routers, switches and converters �- - -- -122,0-0-0 - 15,000 76,000 --r- -@- I- ---- 145 Microsoft Office licenses (.& $600 27,000 _ 7 replacement LaserJet printers @ $1,5_00 10,500 9 replacement Desk Jet printers $500 -- 06 -- - 4,500 4,500 -- --- 8 replacement server related items g_$3,000 'Replacement sans boxes '20 replacement laptop PCs(.& $1,250 rV3additional laptop PCs @ $2,500 24,000 42,500 25,000 7,500 VPN Policy software 1- 5,500 Patch Management software ---- - - -- VMWare-- � 4,100 12,100 ------- -� ADMIN SVCS - Purchasin Replacement van or pickup truck 21,000 -- - __ PUB WKS - Fleet Svcs jPortable inventory control device 1,500 112' x 30' mezzanine for new warehouse 11,000 {1 additional PC for new bay area ona} - Z replacement small sedans @ $17,000 -' rt'IReplacement forklift - � i 1,500 34,000 21,000 _ POLICE - Ad_ministration 1 additional laptop PC and printer Wireless network T 3,000 3,000 POLICE-_Uniform Ops 12 replacement 4-wheel all-terrain vehicles @ $7,000 14,000 _ 10 replacement Harley-Davidson motorcycles @ $4,200 42,000 2 replacement sedans (O$28_,000 T 56,000 _ k I replacement sports utility vehicle (Tahoe) �� 33,800 POLICE - CID 1 additional PC and software for Evidence & Property j 1 additional color laser printer �- 1,500 3,000 3 replacement Crown Victoria sedans @ $26,000 _ 78,000 2 replacement mid-size sedans @ $20,000 40,000 POLICE - Technical Svcs ii ii Internet server hostig_ �- _ 3,500 - & Fire AV5 tent for Police _ - -- SAN Storage Area Network - - 95,000 70,000 2 replacement mobile computers @ 6,100 12,200 -, sports utility vehicle (Trail Blazer) iReplacement - _ __- 20,000 POLICE - Animal Control l additional laptop PC _ 3,000 1 additional color laser printer 1,500 { FE - Administratiadditional and 15 additro IR ------- - t--- - d printers @ $1,000 - 5,000 FIRE -_Prevention;3 high definition digital cameras @ $1,485 -- T--- 1fire extinguisher training simulator Replacement large utility vehicle -- - _ 4,455 8,500_ 34,000 H:\Fred\Budget 2007\FY07 Equip 11 06.x1s 11/14/2006 1:34 PM r,4 CAPITAL EQUIPMENT AC UI ITI N PLAN FY 2006-07 Proposed Operating Budget FIRE - Operations 120 replacement vehicle -- p - p -- _ @ ------ -- dditional PCs with monitors and software @ $1,400 - 130,000 5,600 - -i4 20" flat LCD monitors @ $460 �25 replacement SCBA cylinders @ $7041_ h - 1,840 17,600 _ 52 SCBA safety upgrades @ $479 24,908 4 replacement PPV fans @ $2,500 10,000 30 replacement gear lockers for Station 1 @ $234 7,02_0 - j 10 replacement Sigtronic radio headsets n $350 20 replacement personal protective ensembles @ $1,700- _ 3,500 34,000 -- 1 replacement and I additional Thermal Imaging Camera @ $11,000 22,000 -� - 15 air compressors & $750 - 3,750 2 replacement emergency alert speaker systems for Stations 2 & 3 @ $2,800 1 5,600 _ Replacement ambulance cart (John Deere Gator) 19,500 Replacement command vehicle 22,00_0 _ Replacement fire engine 425,000 FIRE - Training ,EMS/ Advanced Patient Simulator 8,500 PARKS -Senior Center 14 replacement 19" LCD monitors @ $300_ 4,200 !Replacement 27 passenger bus �- -� 166,000 _ - PARKS -Park MatntenancuReplacement small up i - 20,000 Replacement large utility tractor �3 replacement utility tractor / mowers cv $18,000- 18,000 54,000 ! PARKS - CAC _ 2 replacement Precor C956i treadmills @ $5,441 10,882 1 replacement Precor C846u upright bike 2,341 _ I replacement Precor ecor C546i elliptical crosstrainer 4,241 2 replacement Precor C764 stairsteppers @ $2,741 j 5,482 1 additional PC with graphics software 2,500 -- �Rectrac scheduling_' scoring software ( 4,000 PUB WKS - Streets 1 replacement construction sweeper -� 44,000 Street Reconstruction Program 800,000 I i PUB WKS - Traffic iATSI PCMT 2600 conflict monitor tester 1 I 11,000 IlBulding DEVL SVCS Bldg Insp permit software upgrade 13,000 --- CVB - Administration 10 replacement 19" LCD monitors @ $300 3,000 Auto toad scanner _T_500 iAll-in One Printer/Fax/Copier 500 - --- _Scheduling software 3,500 ;Dot matrix check printer- 3,000 _- Replacement sports utility vehicle (Suburban) 42,000 SDUS - Operations 1 replacement mechanical sweeper - j 150,000 I replacement regenerated air sweeper 148,000 �{ PUB WKS Water Distrib Replacement sewer vacuum truck Replacement pickup truck - _ Replacement air compressor 75,000 - 17,500 14,000 H:\Fred\Budget 2007\FY07 Equip 11 06.xls 11/14/2006 1:34 PM CAPITAL EQUIPMENT ACQUISITION PLAN FY 2006-07 Proposed Operating Budget --T PUB WKS - Water Treatm(:i 2 replacement air compressors and motors @ $15,927 PUB WKS - WW Collecti6 I additional —laptop --6C-t------ 31.854 2,500 ,Watchdog Security system upgrade 3,000 I replacement Wastewater main line camera 12 replacement submersible lift station pumps @ 33,000 56,000 i2 Valve actuators (& $12,900 25,800 Install SCADA at 4 lift stations 0a $8,400' 33,600 Replacement truck chassis for sewer vac 75,000 PUB WKS - WW Treatmer Train -2 Digested Sludge Pump Scum Pump 12,437 10,999 ,-Train-2 GOLF- Course Maintenan(Il replacement five gang fairway mower 11 replacem-e—nt-triplex—teemow—e-i�----L-E-------�---- 42,000 24,500 replacement greens aerifier 11 replacement lightweight utility vehicle 20,000 6,500 I replacement outfront rotary mower 21,500 I radio repeater 8,500 TOTAL OF PROPOSED EQUIPMENT ACQUISITIONS AND STREET CONCTRUCTION $3,761,809 -- -- ------------ Surnmaa by exvendijy1'e 1tY�3E - - - — — - - — - - - - --------- - --- - - ----------- Fleet vehicle replacement schedule 1,683,800 IT computer equipment replacement schedule 346,500 Additional computer ktechnology equipment requested b) departments 232,840 Departmental equipment requests 698,669 Street Reconstruction Program 800,000 Total -T 1 S 3,73,761,809 H:\Fred\Budget 2007TY07 Equip 11 06.xls 11/14/2006 1:34 PM