HomeMy WebLinkAboutReso 2014-021 - Fire apparatus RESOLUTION NO. 2014-021
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING
AUTHORIZING A MASTER LEASE PURCHASE AGREEMENT WITH
SANTANDER BANK, N.A. FOR THE PURPOSE OF ACQUIRING A FIRE
APPARATUS AND AUTHORIZING THE CITY MANAGER TO EXECUTE
SAID MASTER LEASE PURCHASE AGREEMENT AND ALL NECESSARY
APPROVALS THEREUNDER
WHEREAS, the City Council determines that a true and very real need exists for the Acquisition
of the Equipment described on Exhibit A of Schedule No. 000 to the Master Lease Purchase
Agreement - Contract#:004-0002225-000 ("Agreement") dated as of March 4, 2014, between the
City of Redding("Lessee") and Santander Bank,N.A. ("Lessor").
NOW, THEREFORE, IT IS RESOLVED, that, the City Council has determined that the
Agreement and Schedule,substantially in the form presented at this meeting,are in the best interests
of the Lessee for the acquisition of such Equipment, and the City Council hereby approves the
entering into of the Agreement and Schedule by the Lessee and hereby designates and authorizes
City Manager Kurt Starman to execute and deliver the Agreement and Schedule on Lessee's behalf
with such changes thereto as he deems appropriate,and any related documents,including any Escrow
Agreement, necessary to the consummation of the transaction contemplated by the Agreement and
Schedule.
This resolution shall take effect immediately upon its adoption by the City Council
I HEREBY CERTIFY that the foregoing resolution of intention was introduced and adopted at a
regular meeting of the City Council on the 4th day of March, 2014, by the following vote:
AYES: COUNCIL MEMBERS: Cadd,Jones,McArthur, Sullivan, & Bosetti
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
RICK BOSETTI, Mayor
ATTEST: FORM APPROVED: C
`9 - k II V /
PAMELA 1YlIXE,` i@y Clerk /AW-C A. DUVERNAY, City Attorney
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