HomeMy WebLinkAbout1999-04-05-Resolutions 99-40_Vehicle Purchase - Tractor Lease-Purchase AgrRESOLUTION NO.99-40
Approving a Lease-Purchase Agreement
WHEREAS,pursuant to the provisions of Section 364.4 of the Code ofIowa,the
City of Waukee,in the County of Dallas,State of Iowa (hereinafter referred to as the
"City")has heretofore proposed to contract indebtedness and enter into a Lease-Purchase
agreement (the "Lease-Purchase Agreement")in the principal amount of $20,245,for the
purpose of acquiring a tractor for the public works department,and the City Clerk has
caused notice of the proposed action to be published and the Council has held a hearing
thereon;
NOW,THEREFORE,It Is Resolved by the City Council of the City of Waukee,
Iowa,as follows:
Section 1.The action taken by the City Clerk in having the notice of the
Council's proposal to enter into the Lease-Purchase Agreement published is hereby
ratified and confirmed.
Section 2.Lease-Purchase Agreement with Brenton Bank,
MachineryfEquipment Division,West Des Moines,Iowa,in substantially the form as has
been presented to and considered by this Council and containing substantially the same
terms and provisions set forth therein,is hereby approved,and the Mayor and City Clerk
are hereby authorized and directed to execute and deliver the Lease-Purchase Agreement
and to execute any and all documents and do any and all things deemed necessary in
order to accomplish the purposes of the Lease-Purchase Agreement.
Section 3.All resolutions and orders or parts thereof in conflict with the
provisions of this resolution,to the extent of such conflict,are hereby repealed.
Section 4.This resolution shall be in full force and effect innnediately upon
its adoption and approval,as provided by law.
Passed and approved April 5,1999
Mayor,Donald T <.Railey,Jr.
ROLL CALL VOTE AYES NAYS ABSENT
Nicholas C.Gruber X
Marvin Berger X
Robyn S.Heath X
Bill Peard X
Larry Lyon X