Authorizing the Execution & Delivery of Equipment Lease/Purchase Agreement

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RESOLUTION NO. f 75CF- A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AUTHORIZING THE EXECUTION AND DELIVERY OF AN EQUIPMENT LEASE /PURCHASE AGREEMENT, AND RELATED INSTRUMENTS, AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the Common Council of the City of South Bend, Indiana has determined that a true, and very real need exists for the Equipment (the "Equipment ") described in the Equipment Lease /Purchase Agreement (the "Agreement ") presented to this meeting; and WHEREAS, the City of South Bend, by and through its Board of Public Works has taken the necessary steps, including those relating to any applicable legal bidding requirements, to arrange for the acquisition of the Equipment; and WHEREAS, the City of South Bend proposes to enter into the Agreement substantially in the form presented to this meeting. NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS: Section 1. It is hereby found and determined that the terms of the Agreement in the form presented to this meeting and incorporated in this resolution, are in the best interest of the City of South Bend for the acquisition of the Equipment. Section 2. The Agreement is hereby approved. The Board of Public Works of the City of South Bend, Indiana is authorized to execute, acknowledge and deliver the Agreement with any changes, insertions and omissions therein as may be approved by the officers who execute the Agreement, such approval to be conclusively evidenced by such execution and delivery of the Agreement. The Board of Public Works of the City of South Bend is authorized to affix the official seal of the City of South Bend to the Agreement and attest the same. Section 3. The Board of Public Works be, and hereby is, authorized and directed to execute and deliver any and all papers, instruments, opinions, certificates, affidavits and other documents and to do or cause to be done any and all other acts and things necessary or proper for carrying out this resolution and the Agreement. The undersigned further certifies that the above resolution has not been repealed or amended and remains in full force and effect and further certifies that the within Equipment Lease /Purchase Agreement is the same as presented at said meeting of the governing body of the City of South Bend.. Date: I d (y( Y /lam Me ommon Cou (SEAL) :C::11: PRESENTED II " 0 NOT APPROVED ADOPTED w (3-8? IOV � )9P. EGO,-