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[\RUDt.llt.~,,~~~c.~~<< AN ORDINANCE APPROPRIATING $4,000,000 IN THE FY 2010-2011 CITY GARAGE FUND FROM ITS FUND BALANCE TO PROVIDE FUNDS FOR THE PURCHASE OF VEHICLES AND DECLARING THE INTENT OF THE CITY TO REIMBURSE ITSELF FROM THE PROCEEDS OF OBLIGATIONS OF THE CITY. WHEREAS, in the second half of fiscal year 2008, the administration (the "Administration") of the City of Portsmouth, Virginia (the "City"), determined to slow down the purchase of vehicles and apparatus in an effort to reduce the corresponding debt/lease payments that would be associated with said purchases, and the then five-year Fleet Replacement Plan was put on hold to ensure the City's ability to repay the debt while staying within its financial policy limits; WHEREAS, in the two years since the Fleet Replacement Plan was put on hold, the fleet continued to receive wear and tear, and many of the vehicles have been used well beyond their normal useful life; and WHEREAS, as part of prudent fiscal management, the City needs to purchase several replacement pieces of fire apparatus, police vehicles, and waste management vehicles, among others, (collectively, the "Vehicles"), as the condition of several vehicles, particularly public safety vehicles, has reached a counterproductive level for the service delivery required. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORTSMOUTH, VIRGINIA: 1. That the amount of $4,000,000 from the fund balance of the fiscal year 2010-2011 City Garage Fund is appropriated for the acquisition of the Vehicles or any portion thereof. Should the amount appropriated exceed that which is necessary to acquire the Vehicles or any portion thereof so acquired, the appropriation is hereby reduced accordingly. 2. That the City Manager, the Chief Financial Officer, and such other members of the Administration as may be designated by the City Manager or the Chief Financial Officer are