HomeMy WebLinkAboutResolution No. 6210 RESOLUTION NO. 6210
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
RELATING TO A MASTER LEASE AGREEMENT WITH G.E. CAPITAL
PUBLIC FINANCE, INC. FOR THE PURPOSE OF FINANCING THE
ACQUISITION OF ONE (1) PORTABLE BUILDING
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS
FOLLOWS:
SECTION 1. The Issuer desires to obtain certain equipment and the Issuer
hereby determines that it is necessary and desirable and in the best interests of the
Issuer to enter into a Master Lease Agreement (the "Agreement") with GE Capital
Public Finance, Inc. ("Lessor") for the purposes of financing the Acquisition of one (1)
portable building.
SECTION 2. The execution and delivery of the Lease, the exhibits and
schedules thereto and such other instruments and documents related thereto, including
any escrow agreement, by the Issuer and the financing of the acquisition of such
Equipment are hereby approved, ratified and confirmed in all respects.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution
Relating to Master Lease Agreement.
APPROVED AND ADOPTED this 10th day of November 1998.
, 411?
Gary P. MclCaughan, Ma •r
ATTEST:
. . � Al/ .
dith E. McDonnell, City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City
Council of the City of Downey at the regular meeting thereof held on the 10th day of
November , 1998, by the following vote:
AYES: 5 Council Members: Brazelton, McCarthy, Riley, Lawrence, McCaughan
NOES: 0 Council Members: None
ABSTAIN: 0 Council Members: None
ABSENT: 0 Council Members: None
•ith E. McDonnell, City Clerk