File #: 15-0594    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/26/2015 In control: Board of Mayor & Aldermen
On agenda: 8/11/2015 Final action: 8/11/2015
Title: Consideration of Resolution 2015-36, a Resolution to Fund Improvements to the Emergency Radio System (07/09/15 Finance 3-0)
Sponsors: Eric Stuckey, Russ Truell
Attachments: 1. Resolution 2015-36 Joint Networking Authority funding resolution

 

DATE:                                                               June 26, 2015

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                     

                                          

SUBJECT:                                          

title

Consideration of Resolution 2015-36, a Resolution to Fund Improvements to the Emergency Radio System (07/09/15 Finance 3-0)

body

Purpose

The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the funding of the Joint Communications Network project.

 

Background

In 2014, the Board of Mayor and Aldermen approved an interlocal agreement creating a Joint Communications Network with the City of Brentwood and Williamson County governments.  The City may choose to fund their share of the project through a loan with the Tennessee Municipal Bond Fund.  This resolution would allow the City staff to move forward with the application for such a borrowing.

 

Financial Impact

The total cost anticipated for the City of Franklin share of the $18 million project is $2.6 million.

 

Recommendation

rec

Staff recommends approval of the resolution.