HomeMy WebLinkAboutCC Reso 2022-38 - Approving Internal Loan for Ambulances RESOLUTION 2022-38
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH APPROVING AN INTERNAL
LOAN FOR THE PURCHASE OF TWO (2) AMBULANCES
WHEREAS:
1. The City Council, on August 18, 2021, approved the purchase of two (2) 2021 North Star 147-
1 Type 1 Ambulances (Equipment) from Braun NW Inc., for the amount of $416,348.89 for
the Ukiah Valley Fire Authority; and
2. The Equipment has been determined to be an essential component to enhance the delivery
of the Fire Authority's Pre-Hospital Emergency Medical Services (PHEMS); and
3. A portion of the purchase of one (1) of the ambulances will be funded by a Community
Development Block Grant in the amount of$141,648; and
4. The City Council has determined that financing the balance of$274,700.89 by an internal loan
from the General Fund 100 is in the best interest of the City; and
5. Under the internal loan, the Ukiah Valley Fire Authority will be obligated to make monthly
payments from the Ambulance Fund 710, which will total the purchase price of the
ambulances, less the grant fund proceeds, pursuant to the terms set forth in the Amortization
Schedule, attached hereto as Exhibit A; provided the City Council appropriates funds each
year to make the payments.
NOW, THEREFORE, BE IT RESOLVED that:
1. The City Council of the City of Ukiah hereby approves the internal loan of $274,700.89 to
Ambulance Fund 710 for the purchase of the Equipment.
2. Upon receipt of the Equipment, and payment to the vendor, the Ambulance Fund 710 will be
directed to compensate the General Fund 100 in one hundred and twenty (120) monthly
principal and interest payments of two thousand six hundred and fifty-five dollars and thirty-
two cents ($2,655.32) per month which includes an interest rate of three and twenty-two
thousandths percent(3.022%) per annum. Payments shall be made in monthly transfers from
the Ambulance Fund 710 to the General Fund. Transfers shall be treated as expenditures of
the Ambulance Fund 710, and revenue to the General Fund in the City's budgets and financial
statements.
PASSED AND ADOPTED this 15M day of June, 2022, by the following roll call vote:
AYES: Councilmembers Orozco, Rodin, Duenas, and Mayor Brown
NOES: None
ABSENT: Councilmember Crane
ABSTAIN: None
O. Brown, Mayor
ATTEST: f
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Kristine Lawler, City Clerk