HomeMy WebLinkAbout1999-12-06-Resolutions 99-153_Lease-Purchase Agr - Street SweeperRESOLUTION NO.99·153
APPROVING LEASE/PURCHASE FOR STREET SWEEPER
WHEREAS,pursuant to the provision of Section 364.4 of the Code of Iowa,the City of Waukee,in the
County of Callas,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 $32,000,for the purpose of acquiring a Street Sweeper for the Waukee Street
Department,and the City Clerk has caused notice of the proposed action to be published and the Council
has held a hearing thereon;and
WtlEREAS,the life of the Street Sweeper in question is at least twice the terms of the lease set forth;
NOW,THEREFORE,It Is Resolved by the City Council of the City of Waukee,Iowa,as follows:
SECTION 1.The actiou 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-Purchaser Agreement with Kansas Sate Bank of Manhattan,1010 Westloop,P.O Box
69,Manhattan,Kansas,66505-0069,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,aud 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the extent of such conflict,are hereby repealed.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 immediately upon its adoptions and approval,
as provided by law.
PASSED AND APPROVED this 6"day of December,1999
Donald L.Bailey,Jr.,Mayor
ity Administrator/Clerk
ROLL CALL VOTE AYE NAY ABSENT
Nicholas C.Gruber X
Marvin Berger X
Robyn S.Heath X
Bill Peard X
Larry Lyon X