HomeMy WebLinkAboutResolution No. 4994 RESOLUTION NO. 4994
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING LEASE AGREEMENT WITH SECURITY PACIFIC
NATIONAL BANK FOR LEASE OF ONE NEW FIRE TRUCK
WHEREAS, It is desirable and important to the business success of the
City of Downey to lease personal property consisting of one (1) new fire
truck, and desires from time to time to lease said personal property from
Security Pacific National Bank.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS
FOLLOWS:
SECTION 1: That the City of Downey may lease from Security Pacific
National Bank personal property as described above and that Don Davis, City
Manager, or Lee Powell, Administrative Services Director, are hereby
authorized in the name of and on behalf of the City of Downey from to time to
enter into agreements with Security Pacific National Bank for the leasing of
said personal property upon such terms as may seem advisable to such officers,
to execute agreements, leases, applications for leases, and other documents in
connection therewith or incidental thereto, any instruments executed hereunder
to be in such form and with such terms and conditions as may be agreed upon
between them and said Bank. Any one of such officers is also authorized to
accept or direct delivery from said Bank of any such property leased
hereunder.
SECTION 2: The City Clerk shall certify to the adoption of this
Resolution and provide for appropriate distribution thereof.
APPROVED AND ADOPTED THIS 10th day of May , 1988.
Diane P. Boggs, ayor
ATTEST:
*yang' Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
City Council of the City of Downey at a regular meeting hereof, held on
the 10th day of May , 1988, by the following vote, to wit:
AYES: 5 Council Members: Barb, Cormack, Santangelo, Paul, Boggs
NOES: 0 Council Members None
ABSENT: 0 Council Members None
-nny Y. C' Jerk
I FURTHER CERTIFY that the offices w'' r-• o ► 1b ___fo egoing
resolution are now held by the following, whose signatures appear after their
respective names:
Title Typed Name ,i.nat f e
City Manager Don Davis
Y 9 Davis
Administrative Services Lee Powell i v
Director
Dated: May 10, 1988
y Youn. , i ty Cl er
Seal