Res 1017 - Equip Lease/Purch
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COUNCIL BILL NO. 1249
RESOLUTION NO. 1017
A RESOLUTION APPROVING THE EQUIPMENT LEASE/PURCHASE AGREEMENT WHEREBY UNITED
STATES NATIONAL BANK OF OREGON LEASE/PURCHASES CERTAIN EQUIPMENT TO THE CITY
OF WOODBURN. OREGON; AND AUTIlORIZING THE OFFICERS OF THE CITY TO EXECUTE
THE EQUIPMENT LEASE/PURCHASE AGREEMENT AND SUCH OTHER DOCUMENTS AND CERTIFI-
CATES AS MAY BE NECESSARY TO CARRY OUT TIlE TRANSACTIONS CONTEMPLATED BY THE
AFOREMENTIONED AGREEMENT.
WHEREAS. the City of Woodburn, Oregon (City) is authorized pursuant
to the laws of the State of Oregon to lease/purchase personal property; and
WHEREAS, the City desires to lease/purchase the personal property
set forth in exhibit 3 of the hereinafter defined Equipment Lease/Purchase
Agreement (the "Equipment"); and
WHEREAS, to accomplish the lease/purchasing of the Equipment,
the City as lessee will enter into an Equipment Lease/Purchase Agreement
dated August 27, 1990, with Untied States National Bank of Oregon as lessor
(the "Lessor") (the "Lease/Purchase Agreement" being attached hereto as Exhibit
A); NOW, THEREFORE
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. Approval of Lease/Purchase Plan. The Equi pment Lease/
Purchase Agreement is hereby approved in substanti ally the form submitted
to and reviewed by the City, and as attached hereto, with such changes therein
as shall be approved by the representative of the City executing said docu-
ments, and representative's execution thereof to be conclusive evidence of
said representative's approval.
The City Administrator or his designee is hereby authorized and
directed to execute and deli ver the Equi pment Lease/Purchase Agreement on
beha If of and as the act and deed of the Ci ty. The City Recorder or such
other officer or official of the City tb the extent deemed necessary and
appropriate, is authorized to attest the Equipment Lease/Purchase Agreement.
Page 1 - Council Bill No. 1249
RESOLUTION NO. 1017
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Section 2. Further Authority. The City shall, and the officers
and agents of the City are hereby authorized and directed to take such action,
expend such funds and execute such other documents, certificates and
instruments as may be necessary or desirable to carry out and comply with
the intent of this resoltuion and to carry out, comply with and perform the
duties of the City with respect to the Equipment Lease/Purchase Agreement
approved by this resolution.
Section 3. Effective Date. This resolution shall take effect
and be in full force and effect from and after its passage and approval.
Approved as to form:
City Attorney
Date
Filed in the Office of the Mayor
APPROVED:~ A~ l
At Crr Krn;sEY, ~1 YOR
August 27, 1990
August 27, 1990
August 27, 1990
August 27, 1990
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
ATTEST: jJ7~ E ~
Mary 'E.-Unnent, Deputy Recorder
City of Woodburn, Oregon
Page 2 - COUNCIL BILL NO. 1249
RESOLUTION NO. 1017
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