HomeMy WebLinkAboutResolution No. 13-7452 - Approving A Master Equipment Lease Purchase Agreement For The Lease Purchase Of Certain Fire Department EquipmentRESOLUTION NO. 13-7452
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING A
MASTER EQUIPMENT LEASE PURCHASE AGREEMENT FOR THE LEASE
PURCHASE OF CERTAIN FIRE DEPARTMENT EQUIPMENT
WHEREAS, the Downey Fire Department wishes to obtain two (2) Ford Road Rescue
Ambulances, one (1) GMC Yukon Incident Command Vehicle and one (1) Dodge Mega Cab
Utility Pick-Up Truck.
WHEREAS, the City wishes to enter into a Lease Purchase arrangement with
Community First National Bank wherein the Equipment will be leased by City for three (3) to five
(5) years from Bank with an option at the end of the lease term to purchase the Equipment; and,
WHEREAS, the City Council has considered the Master Equipment Lease Purchase
Agreement with Community First National Bank, and by this Resolution hereby approves said
Agreement
NOW. THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That the Master Equipment Lease Purchase Agreement dated September 16,
2013 between the City of Downey and Community First National Bank, including all attached
exhibits and attachments thereto, attached hereto as Exhibit “A“ is hereby approved.
SECTION 2. The Mayor is authorized to execute the Agreement and all exhibits and
attachments, as necessary.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution and provide for
appropriate distribution thereof.
APPROVED AND ADOPTED this 22-d day of October,;013.
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MARIO A. GUERRA
Mayor
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A5RIA M. JIM@@
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting thereof held on the 22-d day of October, 2012, by the
following vote, to wit:
AYES:
NOES:
ABSTAIN:
ABSENT:
Council Members:
Council Members:
Council Members:
Council Members:
Brosssmer, Marquez, Saab, Vasquez, Mayor Geerra
None
None
None 2
XDRlh M
City Clerk
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