R-2018-5972 - 10/11/2018 RESOLUTION NO. R-2018-5972
WHEREAS, the City of Round Rock, Texas (the "Issuer") is a home-rule City of the State of
Texas, and
WHEREAS, the Issuer expects to pay expenditures in connection with acquiring certain
vehicles and equipment (the "Property") prior to the issuance of obligations to finance the Property,
and
WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer for
the payment of such expenditures will be appropriate and consistent with the lawful objectives of the
Issuer and, as such, chooses to declare its intention, in accordance with the provisions of Section
1.150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as it issues
obligations to finance the Property, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
I.
That the Issuer reasonably expects to incur debt, as one or more separate series of various types
of obligations, with an aggregate maximum principal amount not to exceed $3,029,000.00 for the
purpose of paying the costs of the Property.
II.
That all costs to be reimbursed pursuant hereto will be capital expenditures. No tax-exempt
obligations will be issued by the Issuer in furtherance of this Resolution after a date which is later than
18 months after the later of(1) the date the expenditures are paid or (2) the date on which the property,
with respect to which such expenditures were made, is placed in service.
0112.1804;00410496/ss2
III.
The foregoing notwithstanding, no tax-exempt obligation will be issued pursuant to this
Resolution more than five (5) years after the date any expenditure which is to be reimbursed is paid.
IV.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 11 th day of October, 2018.
CRAIG RGAayor
City of Round Ro , Texas
ATTEST:
`RtaL.�t&�
SARA L. WHITE, City Clerk
2
EXHIBIT
Capital Lease Equipment
FY 2018/2019
Mobile Equipment/ Vehicle Mobile Equipment/
Department Purchase Vehicle Replaced Amount
CAPITAL LEASE
Fire-Admin Van Ford F-150
$ 50,000
General Services-BCFM Ford Escape Ford E-150 22,000
PARD-Admin Ford Escape Ford Explorer 22,000
PARD-Athletics/Aquatics Ford F-250 Ford F-250 30,000
PARD-CRMC Van Ford E-350 35,000
PARD-Forestry Ford F-350 Ford F-350 38,000
PARD-Forestry Ford F-150 Ford F-150 25,000
PARD-Forestry Ford F-550 Ford F-450 145,000
PARD-OSPV John Deere Toro 17,000
PARD-OSPV John Deere Toro 17,000
PARD-OSPV John Deere Toro 17,000
PARD-OSPV John Deere Toro 17,000
PARD-OSPV Ford F-250 Ford F-250 30,000
PARD-Parks 410L/430F John Deere 130,000
PARD-Parks Ford F-450 Ford F-450 50,000
PARD-Parks Ford F-250 Ford F-250 30,000
PARD-Parks Ford F-450 Ford F-450 30,000
PARD-Parks Ford F-250 Ford F-250 30,000
PARD-Parks Ford F-350 Chevrolet C-3500 40,000
PARD-Parks John Deere Toro 17,000
PARD-Parks John Deere Toro 17,000
PARD-Parks John Deere Toro 17,000
Planning Code Enforcement F-150 Ford Ranger 25,000
Police-CID Polaris Kawasaki 16,500
Police-CID Polaris Kawasaki 16,500
Police-CID Ford Explorer Ford Crown Victoria 52,000
Police-CID Ford Explorer Ford Explorer 52,000
Police-CID Ford Explorer Ford Crown Victoria 52,000
Police-CID Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Ford Crown Victoria 52,000
Police-Patrol Ford Explorer Chevrolet Tahoe 52,000
Police-Patrol Ford Explorer Chevrolet Tahoe 52,000
Police-Patrol Ford F-550 or F-750(SWAT) Ford Utility master 200,000
Police-Admin Ford Explorer Ford Crown Victoria 52,000
Police-Admin Ford Explorer Ford Crown Victoria 52,000
Police-Admin Ford F-250 Ford F-150 50,000
Transportation-Street Maintenance Magnum Magnum 16,500
Transportation-Street Maintenance Ford F-350 Ford F-350 38,000
Transportation-Street Maintenance Magnum Magnum 16,500
Transportation-Street Maintenance 410L/430F John Deere 130,000
Capital Lease Equipment
FY 2018/2019
Mobile Equipment/ Vehicle Mobile Equipment/
Department Purchase Vehicle Replaced Amount
Transportation-Street Maintenance Freightliner Sterling 110,000
Transportation-Street Maintenance Case Boom Mower Ford 80,000
Transportation-Street Maintenance 410L/430F John Deere 130,000
Transportation-Street Maintenance Ingersoll Rand Bomag 60,000
Transportation-Traffic Signals Ford F-150 Chevrolet Colorado 25,000
Transportation-Traffic Signals Ford F-550 Ford F-750 145,000
Total
$ 3,029,000