HomeMy WebLinkAboutCC Res 4791 2000-03-13
I
I
I
RESOLUTION NUMBER m
A RESOLUTION OF THE CITY'COUNClL OF THE CITY OF
SEAL BEACH AUTHORIZING LEASE AGREEMENT,
SIGNATORIES AND NOTICE OF INTENT TO BE
REIMBURSED
WHEREAS, the City of Seal Beach, County of Orange, State of California ("City") is duly
authorized and existing under the laws of said State, and
WHEREAS, the City adopted Resolution No. 4779 on January 10, 2000 (the "Resolution" )
authorizing entering into a Lease with Option to Purchase (the "Lease") through
Municipal Finance Corporation (the "Corporation") for the acquisition of certain
property all in accordance with the applicable law; and
WHEREAS, the governing body has determined it is in the best interests of the City and the
citizens it serves to secure lease/purchase financing for additional property; one (I)
Telescopic & Articulatillg Aerial Device [Bucket Truck] for an additional financing
amount of$66,218.00 necessary to pay for said Property, and
WHEREAS, MUllicipal Finance Corporation ("Corporation") has offered the City a cost
effective lease-financing arrangement requiring periodic rental payments including
p'rillcipal plus interest computed at a 6.25% annual percentage rate, and
NOW, THEREFORE, BE IT RESOLVED that Resolution 4779 is hereby amended to include a
financing amount of $66,218.00 and for the officers authorized in the Resolution to execute all
additional documents and certifications necessary to carry out this said amendment.
PA~~APPROVE~ AD~ by the City Council of the City of Seal Beach on
. ,day of ~ ' 2000 by the following vote:
AYES.
Councilmemb
NOES:
ABSENT'
Mr
Resolution Number!/1!l.1-
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereb~79~that the
foregoing resolution is the original copy of Resolution Number on file in the
office of the City Clerk, passed, approved, and adopted by ~Il Council of the City of
seal'7hh, at a r"ular meeting thereof held on the , - day of
AA-II-r ;l , 2000.
I
I
I
I
I
I
Resolution Number479/
CERTIFICATE
I do hereby certifY that I am the duly appointed and actiJlg City Clerk of the City of Seal Beach, a
political subdivision validly existing under the Constitution and laws of the State of California (the
"City"), and that, as of the date hereof, the individual named below is the duly appointed officer of
the City holding the office set forth opposite his respective name. I further certify that (i) the
signature set forth opposite his respective name and title is true and authentic and (ii) such officer
has the authority on behalf of the City pursuant to Resolution No. passed,
approved and adopted on March 13, 2000 to enter into that certain Lease with Option to
Purchase, between the City and Municipal Finance Corporation, and all documents relating
thereto.
TlTLE OF OFFICER
NAME OF OFFICER
SlGZRE OF OFFICER
x? 4.,JJ
City Mana:
Dat~ d/o :7.NJ/)
I
Keith Till
Clerk: ;;;;"WJt 11.1fo
IN WlTNESS WHEREOF, I have duly executed this certificate and affixed the seal of the City
hereto this 13u. day of March, 2000.
. y;C:lerk