18-057 - Ordinance X-28 and Resolution E-630 - LOCAL Financing Packet
The City applied for LOCAL financing from the Washington State Treasurer to fund a portion of the new fire truck purchase. The City has been notified we have been approved for up to the fully requested $600,000 for that purchase. Ordinance X-28 authorizes the execution of a financing contract and related documentation to the acquisition of the fire truck. Resolution E-630 states the entire purchase will be made from our General Fund and the City expects to be reimbursed for up to $600,000 of that purchase from the State LOCAL program. Additional documents required to be submitted include: Certificate of Authorized Representatives to sign all documents, Local Agency Financing Contract, Certificate of Incumbency for elected officials, Local Counsel Escrow Letter, Opinion of Local Agency Counsel, Local Agency Tax Certificate, and a Personal Property Certificate.