Resolution No. 37-2017 - Master Tax-Exempt Lease Purcahse Agreement with Publicfinance.com acting through US Bancorp Government Leasing and Financing, Inc.

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RE SOLUTION NO. 37-2017 A RESOLUTION OF THE BOARD OF PUBLIC WORKS FOR THE CITY OF SOUTH REND, INDIANA APPROVING THE MASTER TAX-EXEMPT LEASEIPURCHASE AGREEMENT WITH PUBLICFINANCE.COM ACTING THROUGH U.S. BANCORP GOVERNMENT LEASING AND FINANCING, INC. WHEREAS, the City of South Bend Board of Public Works ("Board") is the contracting body for the City of South Bend, Indiana ("City") and the Board has the authority under the laws of Indiana to purchase, acquire and lease property; and WHEREAS, the Board have determined that a need exists for the purchase and subsequent financing of certain property for the benefit of the City's operation; and WHERE -AS, in order to acquire such property, the Board has entered into a certain Master Tax -Exempt Lease/Purchase Agreement with Publictmance.com. acting through U.S. Bancorp Government Leasing and Financing, Inc. in the form attached and incorporated hereto at Exhibit A; and WHEREAS, time is of the essence in this matter. NOW, THEREFORE, BE IT RESOLVED by the City of South Bend Board of Public Works as follows: The Master Tax -Exempt Lease/Purchase Agreement with Publiefinance.com acting through U.S, Bancorp Government Leasing and Financing, Inc. substantially in the form and substance submitted as of this meeting is hereby approved. 2. The Board hereby authorizes John Murphy, in his capacity as Chief Financial Officer of the City of South Bend, Indiana to act on behalf of the Board in executing any documents to effect the intent of the Board in connection with the Master Tax - Exempt Lease/Purchase Agreement with Publiefinance.com acting through U.S. Bancorp Government Leasing and Financing, Inc. 3. This Resolution shall be in full force and effect after its adoption by the City of South Bend Board of Public Works. ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana held on August 22,2017, at 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 4660 1.