HomeMy WebLinkAboutResolution 2010-155 N.C.S. 08/02/2010Resolution No. 2010-15 5 N. C. S.
of the City of Petaluma, California
Agreement Number: 311234
Supplement: 311234-400
Ai1'I'HORIZING T'~IE EXEC~JTION AND DEI.IVERY OF A
MASTER GOVERNIVIEN'I'AL LEASE-PU~tCHASE AGREEIVIEN'I',
SLTPPLEIVIENT NO. 311234-400 AND YtELATED INS'~RiJMENTS, AND
DE'TERMINING OT~IER 1VIAT'TE~ZS IN CONNECTION 'T~I~REWI'I'H
WHEREAS, the City of Petaluma desires to obtain certain equipment (the "Equipment")
described in Supplement No. 311234-400 to the Master Governmental Lease-Purchase
Agreement (collectively, the "Lease") with Wells Fargo Equipment Finance, Inc. ("Lessor"), the
form of which has been available for review by the City prior to this meeting; and
WHEREAS, the Equipment is essential for the City to perform its governmental
functions; and
WHEREAS, the funds made available under the Lease will be applied to the acquisition
of the Equipment in accordance with such Lease; and
WHEI2EAS, the City has taken the necessary steps, including those relating to any
applicable legal bidding requirements, to arrange for the acquisition of the Equipment; and
WHEREAS, the City proposes to enter into the Lease with Lessor substantially in ~the
form presented to this meeting.
NOW, THEREFORE, BE I'I' RESOI,VED by the City Council of the City of Petaluma
as follows:
Section 1. The Lease and the acquisition and financing of the Equipment under the terms
and conditions as described in the Lease are hereby approved. The City Manager and any other
City officer who shall have power to execute or acknowledge contracts on behalf of the City be,
Resolution No. 2010-155 N_C.S. Page 1
and each of them hereby is, authorized to execute, acknowledge and deliver the Lease with any
changes, insertions and omissions therein as may be approved by the officers who execute the
Lease, such approval to be conclusively evidenced by such execution and delivery of the Lease.
The City Manager and any other officer of the City who shall have power to do so be, and each
of them hereby is, authorized to affix the official seal of the City to the Lease and attest the same.
Section 2. The proper officers of the City be, and each of them hereby is, authorized and
directed to execute and deliver any and all papers, instruments, opinions, certificates, affidavits
and other documents 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 Lease.
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 Approved as to
Council of the City of Petaluma at a Regular meeting on the 2"d day of August, f rm:
2010, by the followi~g vote:
Assistant City Attorney
AYES: Barrett, Vice Mayor Glass, Healy, Rabbitt, Renee, Mayor Torliatt
NOES: None
ABSENT: Harris
ABSTAIN: None
ATTEST:
City Clerk
Resolution No. 2010-155 N.C.S. Page 2