04092019 Board of Public Works Meeting

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REGULAR MEETING APRIL 9, 2019 90 1. The Property is no longer needed by the City of South Bend, is unfit for the purposes for which was intended, and has an estimated value of less than One -Thousand Dollars ($1,000.00). 2. The Property may be demolished, junked or otherwise disposed in a manner determined by the Fire Chief, including donation to the Firefighter as a token for his years of service to the City of South Bend. ADOPTED this 9th day of APRIL, 2019. CITY OF SOUTH BEND BOARD OF PUBLIC WORKS s/ Gary A. Gilot s/ Therese J. Dorau s/ Genevieve E. Miller ATTEST: s/Linda M. Martin, Clerk ADOPT RESOLUTION NO. 14-2019 — A RESOLUTION OF THE BOARD OF PUBLIC WORKS FOR THE CITY OF _SOUTH BEND, INDIANA APPROVING A TAX-EXEMPT LEASE PURCHASE AGREEMENT WITH PNC EQUIPMENT FINANCE LLC Upon a motion made by Ms. Dorau, seconded by Ms. Miller and carried, the following Resolution was adopted by the Board of Public Works: RESOLUTION NO. 14-2019 A RESOLUTION OF THE BOARD OF PUBLIC WORKS FOR THE CITY OF SOUTH BEND, INDIANA, APPROVING A TAX-EXEMPT LEASE -PURCHASE AGREEMENT WITH PNC EQUIPMENT FINANCE, LLC WHEREAS, the City of South Bend ("City"), a political subdivision of the state of Indiana, is authorized by law to acquire and own interests in real and personal property; and WHEREAS, the City of South Bend Board of Public Works ("Board"), on behalf of the City, has the authority under the laws of the state of Indiana to purchase, acquire, lease, and encumber real and personal property as necessary to carry out the functions or operations of the City; and WHEREAS, the Board has determined that a need exists for the acquisition and financing of certain property ("Property") described in the Lease Agreement with PNC Equipment Finance, LLC and the Certificate of Acceptance (together, the "Lease"), attached hereto and incorporated herein as Exhibit A, for the benefit of the City's operations; and WHEREAS, the Board hereby finds and determines that the execution of the Lease for the purpose of acquiring and financing the Property in the amount not exceeding the amount stated in the Lease is appropriate and necessary. NOW, THEREFORE, BE IT RESOLVED by the City of South Bend Board of Public Works as follows: 1. The Lease Agreement with PNC Equipment Finance, LLC, substantially in the form and substance submitted as of this meeting, is hereby approved. 2. The Board hereby authorizes Daniel Parker, in his capacity as Controller of the City of South Bend, Indiana, to act on behalf of the Board to execute any documents to effect the intent of the Board in connection with the Lease Agreement with PNC Equipment Finance, LLC. 3. The City's obligations under the Lease shall be subject to annual appropriation as set forth in the Lease. 4. This Resolution shall be in full force and effect after its adoption by the City of South Bend Board of Public Works.