HomeMy WebLinkAbout24325 RESOLUTION NO. 24325
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AUTHORIZING THE NEGOTIATION,
EXECUTION, AND DELIVERY OF A PURCHASE ORDER IN THE
PRINCIPAL AMOUNT OF $766,430.55 BETWEEN LEASE
SERVICING CENTER, INC., DBA NATIONAL COOPERATIVE
LEASING AND THE CITY OF PALM SPRINGS, CALIFORNIA;
PROVIDING 60 LEASE PAYMENTS OF $14,024.31 EACH FROM
LEGALLY AVAILABLE FUNDS; 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 Attachment 2 to the Lease is appropriate and
necessary to the function and operations of the Lessee; and
WHEREAS, Lease Servicing Center, Inc. dba National Cooperative
Leasing (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 City Manager, the City Clerk, and the Director of
Finance, (each an "Authorized Representative") acting on behalf of Lessee, are
hereby authorized to negotiate, enter into, execute, and deliver the Lease and
related documents in substantially the form as presently before the City Council,
which Lease is available for public inspection at the offices of Lessee.
SECTION 2. The Lease shall be in the principal amount of $766,430.55
bearing interest as set forth in Attachment 1 of the Lease; said Lease to contain
an option to purchase by the Lessee as therein'sel forth.
Resolution No. 24325
Page 2
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.
SECTION 4. All other related contracts and agreements necessary and
incidental to the Lease are hereby authorized.
SECTION 5. This resolution shall take effect immediately upon its
adoption and approval.
ADOPTED THIS 1ST DAY OF NOVEMBER, 2017.
David H. Ready, Esq., P
ATTEST: City Manager
u6;,
Kathleen D. Hart, MMC
Interim City Clerk
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) SS.
CITY OF PALM SPRINGS )
I, KATHLEEN D. HART, Interim City Clerk of the City of Palm Springs,
hereby certify that Resolution No. 24325 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 November 1, 2017, by the following vote:
AYES: Councilmembers Kors, Mills, Roberts, Mayor Pro Tem Foat, and
Mayor Moon
NOES: None
ABSENT: None
ABSTAIN: None
RECUSAL: None �W-aADKathleen D. Hart, MMC
Interim City Clerk