Title
To authorize and direct the City Auditor to transfer $419,886.00 from the Special Income Tax Fund to the Fire Safety Bond Fund ; to authorize the appropriation of said funds; to authorize and direct the Finance Director to issue a purchase order to All-American Fire Equipment, Inc., for the purchase of a heavy rescue vehicle; to waive the provisions of competitive bidding; to authorize the expenditure of $419,886.00 from the Safety Voted Bond Fund; and to declare an emergency. ($419,886.00)
Explanation
BACKGROUND:
Need: This legislation is to authorize and direct the City Auditor to transfer $419,886.00 from the Special Income Tax Fund to the Fire Safety Voted Bond Fund, to authorize and direct the Finance Director to issue a purchase order to All-American Fire Equipment, Inc. for the purchase of a heavy rescue vehicle.
Bid Information: Competitive bidding is being waived for this purchase.
Contract Compliance: 311381503
Emergency Designation: Emergency action is requested as funds are needed immediately for this purchase.
FISCAL IMPACT:
Budgeted Amount: Unencumbered cash will be available upon transfer from the Special Income Tax to the Fire Division's Safety Voted Bond Fund for this purchase. This transfer is a temporary funding method. In the fall of 2003, the City will sell notes or bonds to fund this project and will reimburse the Special Income Tax Fund.
Body
WHEREAS, a need exists to purchase a heavy rescue vehicle from the Division of Fire's Safety Voted Bond Fund, Apparatus Replacement Project; and
WHEREAS, a transfer of funds from the Special Income Fund is necessary to fund this purchase; and
WHEREAS, the City will sell notes or bonds to fund this project and will reimburse the Special Income Tax Fund; and
WHEREAS, this transfer should be considered as a temporary funding method; and
WHEREAS, the aggregate principal amount of obligations which the City will issue to finance this purchase is presently e...
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