HomeMy WebLinkAboutCC Res 2028 1971-09-13
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RESOLUTION NUMBER 2-02.- t
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH AUTHORIZING PAYMENTS TO RELEASE CITY
OF INTEREST PAYMENTS AND POSSESSORY INTEREST
TAX PAYMENTS.
WHEREAS, The City can realize a savings of approximately $17,236
in interest payments and possessory interest taxes by pre-payment
of lease purchase agreements1
NOW, THEREFORE, BE IT RESOLVED that the city Manager is authorized
to affect the savings by making a lum sum payment on existing
lease purchase agreements in the amount of $93,894.
PASSED, APPROVED, AND ADOPTED by the City Council at a meeting
thereof held on the /3 :f'L day of September, 1971, by the
following vote: J L -I
AYES: councilmenb/~...., ,6,),A,.....JA?"?O-S ~d..(;~ ) ~/.~ ~./:r4.
NOES: Councilmen_/?r""?7...1'..I
ABSENT: Councilmen /?7 A-rl1 ./
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Mayor --
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AGENDA ITEM VII E