HomeMy WebLinkAboutReso 91-484 - Authorize execution & delivery of the necessary lease/purchase financing agreement pertaining to Solid Waste Equipment - B/S Nos. 2542, 2543, 2544, 2545, 2546, and 2547 RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING THE EXECUTION AND DELIVERY OF THE NECESSARY
LEASE/PURCHASE FINANCING AGREEMENTS PERTAINING TO THE
SOLID WASTE EQUIPMENT TO BE ACQUIRED PURSUANT TO BID
SCHEDULE NOS. 2542, 2543, 2544, 2545, 2546, AND 2547.
WHEREAS, the City Council of the City of Redding has
determined that a true and very real need exists for the
acquisition of the Solid Waste equipment set forth in Bid
Schedule Nos. 2542, 2543, 2544, 2545, 2546, and 2547 ( see
attached Report to City Council) ; and
WHEREAS, the City of Redding has taken the necessary steps,
including those relating to any applicable legal bidding require-
ments, to arrange for the lease/purchase of said equipment; and
WHEREAS, at its meeting of today' s date, City Council has
awarded said Bids to the bidders best meeting all the bid
specifications at prices most favorable to the City; and proposes
to enter into lease/purchase agreements for said equipment;
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 necessary Solid Waste
equipment by entering into lease/purchase agreements.
2. The City Manager is hereby authorized to execute,
acknowledge, and deliver the necessary lease/purchase agreements
and any additional and subsequent documentation. relating thereto,
upon form 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
e
r ,
lease/purchase agreements. The City Clerk is hereby authorized
to affix the official seal of the City of Redding to the
documentation and attest the same.
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 5th day of November , 1991, and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Arness, Buffum, Fulton, Moss & Dahl
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: -None
ABSTAIN: COUNCIL MEMBERS: None
f l/
MIKE DAHL, Mayor
City of Redding
ATTEST:
ETHEL A. NICHOLS, City Clerk
FO PPROVED:
ALL A. HAYS, City Attorney
2