R-2020-0319 - 11/12/2020RESOLUTION NO. R=2020=0319
WHEREAS, the City of Round Rock, Texas (the "Issuer") i*s a home -rule City of the State of
Texas, and
WHEREAS., the Issuer expects to pay expenditures i*n connection with acquiring. certain
vehicles and equipment (the "Property") prior to the issuance of obligations to finance the Property,
and
WHEREASfinds,
the Issuer 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 prov40 isions of Section
I,o 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 $3,000,000.00 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,.
0112.20202; 00458739
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 5 51, Texas Government Code, as amended.
RESOLVED this 12th day of November, 2020.
ATTEST:
SARA L. WHITE, City Clerk
CRAIGORG, Mayor
City of ound ock, Texas
PJ
EXHIBIT
"Alt
Department Mobile Equipment/ Vehicle Mobile Equipment/Vehicle Replaced Amount
Purchase:
Inspection Services
F-1 50
2008 Ford F-1 50
$ 33,000
Inspection Services
F-1 50
2008 Ford F-1 50
33,000
Building Construction & Facility Maintenance
F-1 50
2008 Ford Ranger
33,000
Fleet Maintenance
F-550
2011 Ford F-550
110,000
Police - Patrol
Explorer
2011 Ford Crown Victoria
55,000
Police - Patrol
Explorer
2010 Ford Crown Victoria
55,000
Police - Patrol
F-1 50
2011 Ford F-250
55,000
Police - Patrol
Explorer
2011 Ford Crown Victoria
55,000
Police - Patrol
Explorer
2011 Ford Crown Victoria
55,000
Police - Patrol
Explorer
2011 Ford Crown Victoria
55,000
Police - Patrol
BMW RT-P 1250
2015 Honda
45,000
Police - CID
Under Cover Vehicle
2012 Chevrolet Tahoe
55,000
Police - CID
Under Cover Vehicle
2011 Chevrolet Equinox
55,000
Fire - Administration
Aerial
Quint 3
11526,000
Fire - Administration
Used Aerial
Reserve Platform
300,000
PARD - Parks
Fm250
2001 Ford F-250
509000
PARD - Parks
John Deere Gator
2008 John Deere Gator TX
20,000
PARD - Parks
Like -size mower
2009 Toro model #30626
57,000
PARD - Parks
Like -size mower
2011 Toro model #30626
57,000
PARD - Palm Valley
Scag Mower
2009 Toro model #30626
20,000
PARD - Palm Valley
Like Size Mower. Plan Undecided
2010 Toro model #31598
105,000
Transportation - Street Maintenance
Freightliner Mm2106
2000 Ford F-650
112,000
Transportation - Street Maintenance
Magnum Trailer
2001 Texas Bragg Trailer
25,000
TOTAL $3,000,000