HomeMy WebLinkAboutAuthorizing the Execution & Delivery of Equipment Lease/Purchase AgreementRESOLIYT190N
Passed by the Common Council of the City of South Bend, Indiana
November 13, 1989
Attest: _ _ ° City Clerk
President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indian
November 14, 89
19
City Clerk
Approved and signed by me _ November 16 ____ _ 1989 _
Mayor
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..
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