HomeMy WebLinkAboutResolution No. 43-2017 - Master Tax-Exempt Lease Purchase Agreement with Publicfinance.comRE' SOLUTION NO. 43-2017
A RE SOLUTION OF THE 130ARD OF PUBLIC WORKS FOR THE CITY OF SOUTH
BEND, INDIANA AMENDING RESOLUTION NO. 37-2017, APPROVING A MASTER
TAX-EXEMPT LEASE/PURCHASE AGREEMENT WITH PUBLICFINANCE,COM
ACTING THROUGH U.S. BANCORP GOVERNMENT LEASING AND FINANCING,
INC.
WHEREAS, on August 22,2017, the City of South Bend Board of Public Works ("Board")
adopted Resolution No. 37-2017, Approving the Master Tax -Exempt Lease/Purchase Agreement
with Publictinance.com Acting through U. S. Bancorp Government Leasing and Financing, Inc. and
appointing John Murphy, Chief Financial Officer of the City of South Bend to execute any
documents on behalf of the Board in connection with the agreement; and
WHEREAS, the Board, acting as the contracting body for the City of South Bend, Indiana
("City"), has the authority under the laws of Indiana to purchase, acquire and lease property; and
WHEREAS, the Board has determined that a need exists for the purchase and subsequent
financing of certain property for the benefit of the City's operation; and
WHEREAS, in order to acquire such property, the Board has entered into a certain Master
Tax -Exempt Lease/Purchase Agreement with Publiefinance.com acting through U.S. Bancorp
Government Leasing and Financing, Inc. in the form attached and incorporated hereto at Exhibit A;
and
WHEREAS, John Murphy is no longer with the City and time is of the essence in this matter.
NOW, THEREFORE, BE IT RESOLVED by the City of South Bend Board of Public
Works that Resolution No. 37-2017 be amended 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 Jennifer Hockenhull in her capacity as City Controller
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 Goverment 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 October 24, 2017, at t308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 4660 1,
CITY OF SOUTH BEND,
BOARD OF PUBLIC WORKS
Gary A. Gilot, President
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Elizabeth A. Maradik, Member
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Jar94s Mueller, Member
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Therese Dof�u�' Member
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EXHIBIT A
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