HomeMy WebLinkAboutReso 93-307 - Authorize entering into and the execution & delivery of a Calif Master lease with option to purchase agreement with First Leasing Corp for purchase of Solid Waste Equip, Vehicles for Police, and tractors for Airport RESOLUTION NO. 93- 307
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING ENTERING INTO AND THE EXECUTION AND
it DELIVERY OF A CALIFORNIA MASTER LEASE WITH OPTION TO
,i PURCHASE AGREEMENT WITH FIRST LEASING CORPORATION FOR
THE PURCHASE OF THE EQUIPMENT SET FORTH BELOW.
WHEREAS, in the August/September 1993 time-frame, the City
will be purchasing roll-off boxes, recycling bins, carts, and
refuse trucks for the Solid Waste Utility; vehicles for the
Police Department; and a striper and utility tractor for the
Municipal Airport; and
WHEREAS, the City requested proposals for lease-financing
packages from a number of lease providers , and the lowest
interest cost proposal was received from First Leasing
Corporation;
NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of
the City of Redding as follows:
1. It is found and determined to be in best interests of
the City of Redding to acquire the above-mentioned equipment by
entering into a California Master Lease with Option to Purchase
Agreement with First Leasing Corporation.
2. The City Manager is hereby authorized to execute,
acknowledge, and deliver the necessary lease/purchase agreement
and any additional and subsequent documentation relating thereto
upon approval by the City Attorney, with any changes, insertions,
and omissions therein as may be approved by the Officers who
execute the Agreements, such approval to be conclusively
evidenced by such execution and delivery of the lease/purchase
agreement. The City Clerk is hereby authorized to affix the r
official seal of the City of Redding to the documentation and
attest the same.
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3 . The City Manager and City Clerk are hereby authorized
and directed to execute and deliver any and all papers,
instruments, opinions, certificates, affidavits, and other docu-
ments, and to do or cause to be done any and all other acts and
things necessary or proper for carrying out this Resolution and
the financing documents relating thereto.
I HEREBY CERTIFY that the foregoing Resolution was
introduced and read at a regular meeting of the City Council of
the City of Redding on the 17th day of August , 1993 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Anderson, Dahl, Kehoe and Arness
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Moss
ABSTAIN: COUNCIL MEMBERS: None
CARL ARNESS, Mayor
City of Redding
ATT ST:
CONNIE STROHMAYER, t Clerk
FO APPROV
RANDALV A. HAYS, City Attorney
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