NUMB:
981648
VERS:
SUBSTITUTE 1
...REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution ratifying and approving an Intergovernmental Cooperation Agreement by and among Technology for Educational Achievement in Wisconsin Board and City of Milwaukee and Milwaukee Public Library Board.
ANLS:
- Analysis -
Resolution provides for approval of Intergovernmental Cooperation Agreement among City, State of Wisconsin and Milwaukee Public Library Board as relates to a Technology for Educational Achievement in Wisconsin Board (TEACH) lease.
BODY:
Whereas, The Milwaukee Public Library Board of Trustees (the "Board") of the Milwaukee Public Library (the "Public Library") is in need of moneys for acquiring, installing and upgrading network wiring which may include any or all of the following: equipment racks and panels for services in telecommunication closets; wiring for voice and data; fiber and coaxial cable; wireless LAN hardware and fiber; and related electrical upgrades, design and construction costs, including any asbestos removal and professional fees (collectively, the "Project"); and
Whereas, Pursuant to Section 44.72(4), Wisconsin Statutes, Technology for Educational Achievement in Wisconsin Board ("TEACH") has authority to make loans to library boards for projects including the Project; and
Whereas, TEACH has transmitted and the Board has received a letter of award (the "Commitment") from TEACH in connection with the Project; and
Whereas, Pursuant to Section 43.58, Wisconsin Statutes, the Board has exclusive control of the expenditure of all moneys collected, donated, or appropriated for the library fund, and shall audit and approve all vouchers for the expenditures of the Public Library and forward the vouchers or schedules covering the same, setting forth the name of the claimants, the amounts of each claim and the purpose for which expended to the appropriate municipal financial officer with the statement thereon, signed by the Board's secretary or other designee of the Board, that the expenditure has been incurred and that the Board has audited and approved the bill; and
Whereas, Pursuant to Section 43.58, Wisconsin Statutes, the City of Milwaukee (the "Municipality") shall pay the vouchers submitted by the Board as other bills of the Municipality are paid; and
Whereas, The Board intends to submit vouchers for expenditures for the Project to the Municipality; and
Whereas, TEACH intends to reimburse the Municipality for vouchers submitted for the Project for the benefit of the Board; and
Whereas, The Municipality hereby finds and determines that it is in the best interest of the Municipality to finance the cost of the Project on behalf of the Board by entering into a lease purchase agreement (the "Agreement") with TEACH pursuant to the terms and conditions of the TEACH wiring loan program, the Commitment and the Agreement; and
Whereas, Pursuant to Section 43.58, Wisconsin Statutes, the Board shall have exclusive charge, control and custody of all property, including the Project, given or granted to, or otherwise acquired or leased by, the Municipality for library purposes; and
Whereas, TEACH and the Municipality intend to enter into the Agreement for the benefit of the Board; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that an appropriate officer of the Municipality is hereby authorized and directed to execute the Cooperation Agreement in substantially the form presented at this meeting and to perform all acts necessary to facilitate the lease of components of the Project from TEACH to the Municipality for the benefit of the Board to pay a portion of the costs of the Project.
ZDPT: Milwaukee Public Library
DFTR:
City Attorney