HomeMy WebLinkAbout084 - 06/02/1987 - AUTHORIZING AGREEMENT FOR THE LEASE/PURCHASE OF COMPUTER HARDWARE AND SOFTWARE ORDINANCE NO. 84 , 1987
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT
FOR THE LEASE/PURCHASE OF COMPUTER HARDWARE AND SOFTWARE
WHEREAS, the City is authorized under the provisions of Title 31,
Article 15, part 8, C.R.S. , to acquire necessary equipment and other
property for its governmental and proprietary purposes under the provisions
of a long term rental or leasehold agreement with an option to purchase
such equipment and provide for the payment of said property from any
available municipal income; and
WHEREAS, the City has received a quotation from Hewlett Packard
Company whereby Hewlett Packard will lease to the City the following
described equipment:
QUANTITY PRODUCT DESCRIPTION PRICE
1 32552C HP3000/52 System Processing Unit $34,200
4 7937H Disk Drives 53,504
2 19511A Disk Cabinets 1,216
2 30274A Modem Expansion Package 13,772
2 30240A Local Area Network Link 10,640
1 32344A NS/3000 4,180
1 32344R NS/3000, Right to Copy 2,926
1 36570R HP DESKMANAGER, Right to Copy 6,384
1 27520R HP FILE/LIBRARY, Right to Copy 3,724
1 27522R HP SCHEDULE, Right to Copy 1,596
6 30021C Cable Option 040 1,802
1 10833C Cable 100
and TOTAL $134,044
WHEREAS, the City Council has determined that the City is in need of
the above listed equipment and software in order that they may be used by
various City departments; and
WHEREAS, the City Council has determined that it is in the best
interest of the City to lease said equipment and software from Hewlett
Packard which is providing financing for the acquisition of said equipment
and software; and
WHEREAS, the City desires to enter into an equipment lease agreement
with Hewlett Packard Company with respect to the leasing of said equipment
and software; and
WHEREAS, the terms of the equipment lease agreement will provide as
follows:
The City shall lease from Hewlett Packard Company the following
equipment and software:
QUANTITY PRODUCT DESCRIPTION PRICE
1 32554� HP3000/52 System Processing Unit $34,200
4 7937H Disk Drives 53,504
2 19511A Disk Cabinets 1,216
2 30274A Modem Expansion Package 13,772
2 30240A Local Area Network Link 10,640
1 32344A NS/3000 4,180
1 32344R NS/3000, Right to Copy 2,926
1 36570R HP DESKMANAGER, Right to Copy 6,384
1 27520R HP FILE/LIBRARY, Right to Copy 3,724
1 27522R HP SCHEDULE, Right to Copy 1,596
6 30021C Cable Option 040 1,802
1 10833C Cable 100
TOTAL $134,044
This agreement shall be from the date of execution of the agreement
until the passage of 36 months. The City shall make equal quarterly
payments in advance for the duration of the agreement. The principal amount
of this agreement is $134,044, with a fixed interest rate of 6.75% APR.
The City shall have an option to purchase any portion or the whole of
the equipment and software on any quarterly payment due date after the
initial year. The option to purchase shall be exercised by paying the
quarterly payment due on said date, and then paying the portion or whole
remaining due after said date. If the option to purchase any portion is
made, then the payment due shall be determined by applying the ratio, of
the original portion to the original whole, to the remaining balance after
said date.
This agreement shall not be a pledge of the City's revenues.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager be, and hereby is, authorized to enter into a
lease/purchase agreement for the above described equipment and software in
accordance with the terms and provisions set forth herein.
Introduced, considered favorably on first reading, and ordered
published this 19th day of May, A.D. 1987, and to be presented for final
passage on the 2nd day of June, A.D. 1987.
ATTEST: /
City C1
Passed and adopted on final reading this 2nd d f June, A.D. 1987.
vMay /
ATTEST:
City Clerk