Number
091456
Version
Substitute 2
Reference
091023
Sponsor
THE CHAIR
Title
Substitute resolution authorizing $952,000 of contingent borrowing for police department capital purposes.
Body
Whereas, The 2005 budget of the City of Milwaukee included $2,000,000 for Trunked Radio Communications for the Police Department (the “Project”), and due to vendor problems, completion of the Project has been delayed causing $952,018 of that authority to lapse; and
Whereas, The Police Department is diligently working in close cooperation with the contractor on the project, Harris Corporation- RF Communications Division to bring the project to a successful completion and desires reauthorization of $952,000 for the Project; and
Whereas, The 2010 Budget of the City includes $150,000,000 of Contingent Borrowing for purposes not contemplated at the time of the adoption of the 2010 Budget, and the Common Council desires to use $952,000 of Contingent Borrowing for Police purposes in order to complete the project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, that it hereby authorizes up to $952,000 of Contingent Borrowing for police purposes for the Trunked Radio Communication Citywide project; and, be it
Further Resolved, That the debt may be issued as Notes pursuant to Resolution Number 091023 (including commercial paper notes), and such debt shall be an additional purpose for Exhibit A of those resolutions, including refunding of commercial paper if the debt is temporarily issued as commercial paper; and, be it
Further Resolved, That the payment on the contract extension shall be conditioned on acceptance by the Finance and Personnel Committee of a report from the police department on the satisfactory completion of the project.
Requestor
Police Department
Drafter
JJL
March 19, 2010
ContingentBorrowing-MPD-March2009.rtf