HomeMy WebLinkAboutResolutions 87-243 N.C.S. 08/10/1987Fzesolution No. a7-243 N.C.s:
of the City of Petaluma, California
BE IT RESOLVED:
APPROVING CAPITAL EQUIPMENT
AND AUTHORIZE FINANCING
THROUGH ABAG "PEARL" PROGRAM
1. The City Council of the City of Petaluma approves the purchase of
Capital Equipment as listed on the attached Exhibit A which is
incorporated as part of this resolution; and,
Z . The City Council approves and authorizes entering into an agreement
with the Association of Bay Area Governments to participate in their
"PEARL" program (1987 $55, 000, 000 ABAG Lease Revenue Bonds -Pooled
Projects) to finance the acquisition of said Capital Equipment; and,
3. The City Council authorizes the City Manager to execute all documents in
connection with said agreement; and,
4. In the event any item is acquired prior to execution of said agreement,
the City Council authorizes reimbursement of the costs of such
acquisition through participation in the PEARL Program; and,
5. The City Manager or Finance Director shall designate items which shall
be so reimbursed.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approve a
Council of the City of Petaluma at a (Regular) eeting fo
reso .cap . egpmnt on the --1-=~-xh--------.. day of ........August .................................... 1987.--~ by the
david following vote:
ty torney
AYES: Sobel, Balshaw, Cavanagh, Davis, Tencer, Vice Mayor Woolsey, .Mayor Hilligoss
NOES: None
ABSENT: one
Q - n
ATTEST: ..-_ ...............~l;.~lQ,m~.~---t~t'. ---•--.....-...-.......-............... ~~...~
•7apk~ City Clerk ~ 704-03 405 May _
Council F}}zz'{{1 ....xx.-fiyr ~y - ~.-..--..
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