HomeMy WebLinkAbout6764_CCv0001.pdf RESOLUTION NO. 6764
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDLANDS APPROVING A GOVERNMENTAL
EQUIPMENT LEASE-PURCHASE AGREEMENT WITH
CATERPILLAR FINANCIAL SERVICES CORPORATION
WHEREAS, the City of Redlands (the "City"), a municipal corporation of the State of
California (the "State"), is authorized by the laws of the State to purchase, acquire and lease
personal property for the benefit of the City and its inhabitants and to enter into contracts with
respect thereto; and
WHEREAS, in order to acquire such equipment, the City proposes to enter into a lease-
purchase transaction pursuant to that certain Governmental Equipment Lease-Purchase
Agreement (the "Agreement") with Caterpillar Financial Services Corporation, the form of
which has been presented to the City Council of the City at its regularly scheduled meeting of
October 21, 2008;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF REDLANDS AS FOLLOWS:
Section 1. Approval of Documents. The form, terms and provisions of the Agreement
and all other schedules and exhibits attached thereto are hereby approved in substantially the
form presented at the City Council's meeting of October 21, 2008, with such insertions,
omissions and changes as shall be approved by counsel of the City or other members of the City
Council of the City executing the same, the execution of such documents being conclusive
evidence of such approval; and the Mayor of the City who shall have the power to execute
contracts on its behalf is hereby authorized and directed to execute, acknowledge, countersign
and deliver the Agreement and all exhibits attached thereto, and the City Clerk of the City is
hereby authorized to attest to the foregoing and affix the seal of the City to such documents.
Section 2. Other Actions Authorized. The officers and employees of the City shall take
all action necessary or reasonably required by the parties to the Agreement to carry out, give
effect to and consummate the transactions contemplated thereby and to take all action necessary
in conformity therewith, including, without limitation, the execution and delivery of any closing
and other documents required to be delivered in connection with the Agreement.
Section 3. No General Liability. Nothing contained in this Resolution, the Agreement,
or any other instrument shall be construed with respect to the City as incurring a pecuniary
liability or charge upon the general credit of the City or against its taxing power, nor shall the
breach of any agreement contained in this Resolution, the Agreement, or any other instrument or
document executed in connection therewith impose any pecuniary liability upon the City or any
charge upon its general credit or against its taxing power, except to the extent that the payments
payable under the Agreement are special limited obligations of the City as provided in the
Agreement.
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Section 4. Authorized Signatory. Following is the true name, correct title and specimen
signature of the incumbent officer referred to in this Resolution.
Name/ Title Signat
Jon Harrison, Mayor of the City of Redlands
ADOPTED this 21st day of October, 2008.
WaYor of the City of Redlands
i'
ATTEST:
City lerk of the ity off Redlands
I, Lorne Poyzer, City Clerk of the City of Redlands, hereby certify that the foregoing resolution
was duly adopted by the City Council of the City of Redlands at a regular meeting;thereof held
on the 21" day of October, 2008, by the following vote:
AYES: Councihnembers Gilbreath, Gallagher, Aguilar, Bean; Mayor Harrison
NOES: None
ABSENT: None
ABSTAIN: None
Lorrieyzer, Cit er
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