2009-250S:\Our Documents\Ordinances\09\Reimbursement-vehicles.doc
ORDINANCE NO. OQ - 25
AN ORDINANCE OF THE CITY OF DENTON, TEXAS TO DECLARE THE INTENT TO
REIMBURSE EXPENDITURES FROM THE UNRESERVED FUND BALANCE OF THE
GENERAL FUND WITH CERTIFICATES OF OBLIGATION WITH AN AGGREGATE
MAXIMUM PRINCIPAL AMOUNT EQUAL TO $1,579,614 SO THAT GENERAL FUND
VEHICLES AND EQUIPMENT MAY BE PURCHASED; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Denton (the "Issuer") is a municipal corporation/political
subdivision of the State of Texas; and
WHEREAS, the issuer expects to pay expenditures for purchase of vehicles and
equipment being fleet additions and replacements, which were approved in the 2009-2010
Adopted Budget and the 2009-2010 Capital Improvement budget and are described in
Attachment "A"; 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 Treasury Regulations, to reimburse itself for such payments at
such time as it issues the obligations to finance the Projects; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The Issuer reasonably expects to incur debt, as one or more series of
obligations, with an aggregate maximum principal amount equal to $1,579,614 for the purpose of
paying the costs of the Project, as set forth in the attached Attachment "A", which is made a part
of this Ordinance for all purposes as if incorporated word for word herein.
SECTION 2. All costs to be reimbursed pursuant hereto will be for the purchase of fleet
vehicles and equipment as authorized by Section 271.045(a)(1) of the Texas Local Government
Code. No tax-exempt obligations will be issued by the Issuer in furtherance of this Ordinance
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 are made, is
placed in service. That all amounts expended from the Unreserved Fund Balance of the General
Fund for the Project set forth in Attachment "A" to pay any costs of the Project shall be
reimbursed from Certificate of Obligation bond proceeds within the 2009-2010 fiscal year.
SECTION 3. The foregoing notwithstanding, no tax-exempt obligation will be issued
pursuant to this Ordinance more than three years after the date any expenditure which is to be
reimbursed is paid.
SECTION 4. This Ordinance shall become effective immediately upon its passage and
approval.
S:\Our Documents\Ordinances\09\Reimbursement-vehicles.doc
, 2009.
PASSED AND APPROVED this the day of
eokc
A. MIRROUGNSI MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
TO LEGAL FORM:
BURGESS, CITY ATTORNEY
BY:
Page 2 of 2
FY 09-10 FLEET PURCHASES
Exhibit A
DepVDiv
Year
Old Description
New Description
Amount Estimate
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
FORD, Crown Vic Crown Vic
$ 47,946
PD Ops
2005
Harley Davidson Mtcycle BMW Motorcycle
$ 27,500
PD Ops
1999
Car, Midsize Chevy Tahoe
$ 30,962
PD Ops
1996
Car, Midsize Chev Impala, Paint Code 61 U
$ 30,962
PD Ops
1998
Car, Midsize Chev Impala, Paint Code 87U
$ 30,962
PD Ops
1996
Car, Midsize Chev Impala, Paint Code 51 U
$ 30,962
PD Ops
1999,
Car, Midsize Chev Impala, Paint Code 42U
$ 30,962
Fire/Ops
2002
Ambulance Fraizer Ford F350 Ambulance
$ 180,000
Fire/Ops
2002
Ambulance Fraizer Ford F350 Ambulance
$ 180,000
Fire/Ops
1999
Truck Chevy Tahoe/Red
$ 26,000
Parks/Main
1998
New Holland T6030 New Holland T6030 4x4
$ 79,400
Parks Construction
2002
John Deer Back Hoe Case 590 SM 3 Loader/Backhoe
$ 87,861
Streets
2002
BOBCAT, Skid Loader A300 Bobcat
$ 38,370
Streets
2004
Backhoe Case 590 SM 3 Loader/Backhoe
$ 87,861
Streets
1996
2.5T Flatbed Water Truck 4000 Gallon
$ 110,000
Airport
1995
ATV Mule Kawasaki Mule w/Tilt Bed
$ 15,000
Airport
1997
Blazor Ford Explorer
$ 25,000
Building inspections
1/2 ton Pickup Truck
$ 15,000
2% Administrative Fee
$ 28,207
10% Contingency
$ 141,037
Admin Fee & Contingency
$ 169,244
Replacements
$ 1 395 370
2-BU Fleet Reimbursement.xlsx SF 90809 9/2812009