Loading...
HomeMy WebLinkAboutBPW-03-21-01-01DOCS Lease IBBRESOLUTION NO. BPW-03-21-01-01 A RESOLUTION OF THE CITY OF CARMEL BOARD OF PUBLIC WORKS AND SAFETY APPROVING A LEASE WITH THE INDIANA BOND BANK FOR THE DEPARTMENT OF COMMUNITY SERVICES WHEREAS, in accordance with the provisions of Indiana Code 5-22-2 bids for the purchase of the equipment listed on Exhibit A were approved; WHEREAS, the assignment of such bids to the Indiana Bond Bank in accordance with the provision of Indiana Code 5-1.5 is in the best interest of the City of Cannel; and, WHEREAS, this Cannel Board of Public Works and Safety has examined the proposed master equipment lease agreement between the City of Carmel and the Indiana Bond Bank (the "Lease") presented in this meeting; BE IT RESOLVED, that the equipment listed in Exhibit A are hereby assigned to the Indiana Bond Bank and the proposed Lease with the Indiana Bond Bank for the equipment specified in Exhibit A, provides for a fair and reasonable rental for the use and enjoyment of such equipment by the City of Carmel, and the execution of said Lease is nec_essary and wise, BE IT RESOLVED, that the execution by the Carmel Clerk-Treasurer and delivery to the Bond Bank of the Lease in the form presented to this meeting including any and all lease supplements thereto with respect to the leasing of the equipment authorized by this Board, are hereby authorized and approved, together with such changes in such Lease or lease supplements as may be approved as necessary or appropriate by the Cannel Clerk-Treasurer in order to carry out the transactions authorized hereby, with the execution of the Lease or lease supplements to constitute conclusive evidence of any such approval. BE IT FURTHER RESOLVED, that the Clerk-Treasurer is authorized and directed to initial and date a copy of the Lease together with the lease supplement thereto and to place the same in the minute book immediately following the minutes of this meeting, and said Lease, together with any lease supplement thereto is made a part of this resolution as fully as if the same were set forth herein. BE IT FURTHER RESOLVED, that the Clerk-Treasurer is hereby authorized and directed to execute the aforesaid Lease together with any lease supplement thereto on behalf of the City of Carmel together with any other documents required thereunder, including but not limited to Certificates of Acceptance, affidavits on behalf of the City of Carmel, Uniform Commercial Code financing statements and Internal Revenue Service Forms 8038GC or 8038G. ALL OF WHICH IS RESOLVED this s~'g~Brai~ar~, Presiding Officer Date M~ ~ ~ke, Member er, Member Date ATTEST: , Diana L. Cordra~, I~C, Cl~reasurer Date "'\;'(jT/day of March, 2001. Date IrXIIIBITA . -. EQUIPMENT SCHEDULE NO. 3 C1TY OF C~'~.I~iEL ONE CMC SQUARF. CAR,~,IEL. IN 46032 Section 2. Billin~ Ad0ress ONE CIVIC SQUARE, ATTN.: .',lIKE tlOLLIBAUGH, CAR,MEL, IN 46032 Section 3. Term In Months: 48 Section 4. Ren~t See Exhibit B Total Cost $106.788.00 CITY OF CAR,'vlEL. DEPT. OF COMMUNITY SERVICES Payment Frequency: SEMIANNUALLY, IN ADVANCE. Conunencement D;tte: NLM1CH 21.21R)I INDIANA BOND BANK By: Title: Lessor