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REGULAR MEETING MAY 8, 2018 146 <br />PNC EQUIPMENT FINANCE, LLC <br />WHEREAS, the City of South Bend Board of Public Works ("Board") for the City of <br />South Bend, Indiana ("City") has the authority under the laws of Indiana to purchase, acquire <br />and lease property; and <br />WHEREAS, the Board have determined that a need exists for the purchase and financing <br />of certain property for the benefit of the City's operation; and <br />WHEREAS, in order to acquire such property, the Board has entered into a certain <br />Master Equipment Lease -Purchase Agreement, dated May 15, 2012, along with all subsequent <br />amendments and schedules, with PNC Equipment Finance, LLC.; and <br />WHEREAS, the Board deems it for the benefit of the City and the efficient and effective <br />administration thereof to enter into Lease Schedules as provided in the Master Lease -Purchase <br />Agreement for the purchase, acquisition, financing and leasing of the property more specifically <br />described in the Proposal of PNC Equipment Finance, LLC, dated April 30, 2018 (the <br />"Proposal"), attached and incorporated hereto at Exhibit A; and <br />WHEREAS, time is of the essence in this matter. <br />NOW, THEREFORE, BE IT RESOLVED by the City of South Bend Board of Public <br />Works as follows: <br />1. The terms of the Proposal by PNC Equipment Finance, LLC, substantially in the <br />form and substance submitted as of this meeting, are hereby approved. <br />2. The Board hereby authorizes Jennifer Hockenhull, in her capacity as Controller of <br />the City of South Bend, Indiana, to act on behalf of the Board in formalizing the <br />terms of the financing described in the Proposal and executing any documents to <br />effect such financing. <br />3. This Resolution shall be in full force and effect after its adoption by the City of <br />South Bend Board of Public Works. <br />ADOPTED at a meeting of the Board of Public Works of the City of South Bend, <br />Indiana held on May 8, 2018, at 1308 County -City Building, 227 West Jefferson Boulevard, <br />South Bend, Indiana 46601. <br />CITY OF SOUTH BEND <br />BOARD OF PUBLIC WORKS <br />s/ Gary A. Gilot <br />s/ Therese J. Dorau <br />s/ James A. Mueller <br />ATTEST: <br />s/Linda M. Martin, Clerk <br />APPROVAL OF AGREEMENTS/CONTRACTS/PROPOSALS/ADDENDA <br />The following Agreements/Contracts/Proposals/Addenda were submitted to the Board for <br />approval: <br />Type <br />Business <br />Description <br />Amount/ <br />Motion/ <br />Funding <br />Second <br />Commercial <br />Pemberton <br />Data Drops and Installation <br />$2,268 <br />Dorau/Mueller <br />Contract <br />Davis <br />for Martin Luther King Jr. <br />(IT <br />Center <br />Professional <br />Services) <br />Software <br />Network <br />Hardware, SmartNet, and <br />$21,022.05 <br />Dorau/Mueller <br />Agreement <br />Solutions <br />Professional Services for <br />(IT Supplies) <br />Incorporated <br />Martin Luther King Jr. <br />Center <br />Lateral <br />St. Joe Valley <br />Provide and Install New <br />N/A <br />Dorau/Mueller <br />