HomeMy WebLinkAbout24661RESOLUTION NO. 24661
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM SPRINGS, CALIFORNIA,
AUTHORIZING THE NEGOTIATION, EXECUTION,
AND DELIVERY OF LEASE NUMBER 008-0185560-
101, DATED AUGUST 27, 2019, BETWEEN THE
CITY OF PALM SPRINGS, AND TCF NATIONAL
BANK; AND PRESCRIBING OTHER DETAILS IN
CONNECTION THEREWITH.
WHEREAS, the City of Palm Springs, a California charter city and municipal
corporation, (the "Lessee") is a political subdivision duly organized and existing pursuant
to the Constitution and laws of the State of California; and
WHEREAS, Lessee is duly authorized by applicable law to acquire such items of
personal property as are needed to carry out its governmental functions and to acquire
such personal property by entering into lease -purchase agreements; and
WHEREAS, Lessee hereby finds and determines that the execution of a lease for
the purpose of leasing with the option to purchase the property designated and set forth
in the Lease is appropriate and necessary to the function and operations of the Lessee;
and
WHEREAS, TCF National Bank, (the "Lessor"), shall act as Lessor under said
Lease; and
WHEREAS, the Lease shall not constitute a general obligation indebtedness of the
Lessee within the meaning of the Constitution and laws of the State.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm
Springs hereby declares the following:
SECTION 1. The Lease, in substantially the form as presently before the City Council of
the City of Palm Springs, is hereby approved, and the City Manager, the City Clerk, and
the Director of Finance, (each an "Authorized Representative") of the Lessee, is hereby
authorized to negotiate, enter into, execute, and deliver the Lease and related documents
in substantially the same form as presently before the City Council, with such changes
therein as shall be approved by such Authorized Representative, and which Lease will be
available for public inspection at the offices of Lessee.
SECTION 2. The Lease shall, and the officers, agents, and employees of the Lessee are
hereby authorized and directed to take such further action and execute such other
documents, certificates, and instruments as may be necessary or desirable to carry out
and comply with the intent of this Resolution, and to carry out, comply with, and perform
the duties of the Lessee with respect to the Lease.
SECTION 3. The Lessee's obligations under the Lease shall be expressly subject
to annual appropriation by Lessee; and such obligations under the Lease shall not
constitute a general obligation of Lessee or indebtedness of Lessee within the meaning
of the Constitution and laws of the State of California.
Resolution No. 24661
Page 2
SECTION 4. All other related contracts and agreements necessary and incidental
to the Lease are hereby authorized, ratified and approved.
SECTION 5. This resolution shall take effect immediately upon its adoption and
approval.
ADOPTED THIS 23RD DAY OF OCTOBER, 2019.
ATTEST:
Anthony J.)Msii
City Cler
David H. Ready, Esq., P .
City Manager
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE) SS.
CITY OF PALM SPRINGS)
I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 24661 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on October 23, 2019, by the
following vote:
AYES: Councilmembers Holstege, Middleton, Roberts, Mayor Pro Tern Kors, and
Mayor Moon
NOES: None
ABSENT: None
ABSTAIN: None
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the
City of Palm Springs, California, this day of 1 201 `l .
c
Anthony J. ej a, M
City Clerk