FULLMER CONTRACT FURNITURE AND SERVICES

Home Browse Search

RESOLUTION NO. 1999-009 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING AND DIRECTING THE EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO WHEREAS, the City proposes to finance certain . modular furniture systems, seating and ancillary furniture (the "Project"); and WHEREAS, the City has solicited proposals from commercial leasing firms in connection therewith and the City has received proposals from several "firms; and , WHEREAS, the propdsal. of -Banc One Leasing (the "Lessor"), a copy of which is attached hereto (the."$�opo'sal"), is the best proposal, providing the lowest cost to the City for financing the Project; and WHEREAS, it is in the public interest and for the public benefit that the City authorize and direct execution of a lease agreement with the Lessor and certain other financing documents in connection therewith; and WHEREAS, the documents below specified have been filed with the City, and the members of the Council, with the aid of its staf.f,.shall review said documents; NOW, THEREFORE ,=-BE-. "IT.RESOLVED THAT THE CITY COUNCIL OF THE CITY OF SANTA ANA: 1. Hereby approves and accepts the Proposal; and 2. The below -enumerated documents are hereby approved, and the Mayor, the City Manager or the Executive Director, Finance & Management Services Agency, or the designee of any such official, is hereby authorized and directed to execute said documents, with such changes, insertions and omissions as may be approved by such official and the City Attorney, and the Clerk of the Council is .hereby authorized and directed to attest to such official's signature: (a) a lease agreement, by and between the Lessor, as lessor, and the City, as lessee (the "Lease Agreement"), so long as the basic financial terms thereof are consistent with the Proposal; and (b) an escrow agreement, if required, by and between the City and a trustee bank to be selected, relating to the receipt, investment and disbursement of moneys paid by the Lessor to the City under the Lease Agreement. 3. Quint & Thimmig LLP, San Francisco, California, is hereby designated as bond counsel to the City in connection with the execution and delivery of the Lease Agreement. The Mayor, the City Manager or the Executive Director, Finance & Management Services Agency, or the designee of any such official, is hereby authorized and directed in the name and on behalf of the City to execute an Agreement for Legal Services with such firm.