HomeMy WebLinkAbout17-1517 10-10-2017 RESOLUTION NO. 17-1517
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS, DESIGNATING AUTHORIZED REPRESENTATIVES TO
NEGOTIATE AND EXECUTE A LEASE AGREEMENT WITH PNC
EQUIPMENT FINANCE, LLC FOR THE PURCHASE OF EIGHTY (80) GPS
UNITS.
WHEREAS, the City of Euless is a body politic and corporate duly organized and
existing as a municipal corporation of the State of Texas ("the State") and is authorized
by the laws of the State to purchase, acquire and lease certain equipment and other
property for the benefit of the City and its inhabitants and to enter into contracts with
respect thereto; and
WHEREAS, pursuant to applicable law, the governing body of the City (the "City
Council") is authorized to acquire, dispose of and encumber real and personal property,
including, without limitation, rights and interest in property, leases and easements
necessary to the functions or operations of the City; and
WHEREAS, the City Council hereby finds and determines that the execution of
one or more Lease Agreements or lease schedules ("Leases") in the amount not
exceeding $168,960 for the purpose of acquiring 80 GPS units and related property
("Equipment") to be described in the Leases is appropriate and necessary to the functions
and operations of the City; and
WHEREAS, PNC Equipment Finance, LLC ("Lessor") shall act as Lessor under
said Leases.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS, THAT:
SECTION 1.
Either the City Manager or the Deputy City Manager (each an "Authorized
Representative") acting on behalf of the City (as Lessee under the Leases), is hereby
authorized to negotiate, enter into, execute, and deliver one or more Leases in
substantially the form set forth in the document presently before the City Council, which
document is available for public inspection at the office of the City Secretary. Each
Authorized Representative acting on behalf of the City is hereby authorized to negotiate,
enter into, execute, and deliver such other documents relating to the Leases as the
Authorized Representative deems necessary and appropriate. All other related contracts
and agreements necessary and incidental to the Leases are hereby authorized.
SECTION 2.
By a written instrument signed by any Authorized Representative, said Authorized
Representative may designate specifically identified officers or employees of the City to
execute and deliver agreements and documents relating to the Leases on behalf of the
City.
SECTION 3.
The City's obligations under the Leases shall be subject to annual appropriation or
renewal by the City Council as set forth in each Lease and the City's obligations under
the Leases shall not constitute general obligations of the City or indebtedness under the
Constitution or laws of the State.
SECTION 4.
This resolution shall take effect immediately upon its adoption and approval.
SIGNATURES AND TITLES OF AUTHORIZED REPRESENTATIVES:
AUTHORIZED LEASE SIGNORS ONLY
Loretta Getchell, City Manager (-104; ZKiffb
Name Title Signature
Robert Freeman, Deputy City ManagerC .„.
Name Title Signature
SECTION 5.
I, the undersigned Secretary/Clerk identified below, do hereby certify that I am the
duly appointed and acting City Secretary of the City of Euless, a political subdivision duly
organized and existing under the laws of the State of Texas, that I have the title stated
below, and that, as of the date hereof, the individuals named above are the duly appointed
officers of the City holding the offices set forth opposite their respective names. I hereby
certify and attest that I have access to the official records of the City Council of the City,
that the foregoing resolution was duly adopted by the City Council at a meeting of said
City Council and that such resolution has not been amended or altered and is in full force
and effect on the date stated below.
LESSEE: City of Euless, Texas 1�`�tO FEU��"
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Kim Sutter, City Secretary •• . ���`
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Resolution No. 17-1517, Page 2 of 3
APPROVED AND ADOPTED at a regular meeting of the Euless City Council on the
October 10, 2017, by a vote of 6 ayes, o nays, and 0 abstentions.
APPROVED:
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a Ma in, Mayor
ATTEST:
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Kim Sutter, TRMC, City Secretary
Resolution No. 17-1517, Page 3 of 3