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HomeMy WebLinkAbout026 - 03/13/1979 - APPROVING AN AGREEMENT BETWEEN THE CITY OF FORT COLLINS AND BOETTCHER & COMPANY FOR THE LEASE AND OP J 2 ORDINANCE NO 269 1979, BEING AN ORDINANCE APPROVING AN AGREEMENT BETWEEN THE CITY OF FORT COLLINS AND BOETTCHER & COMPANY FOR ThE LEASE PND OPTIOd TO PURCHASE CERTAIN EQUIPMENT WHEREAS, the City has received a proposal from Boettcher & Company whereby Boettcher & Company will lease to the City the following described equipment QUANTITY DESCRIPTION SERIAL NOS 3 Dobson-Woodbury Research 0239, 02402 0241 DWR-6802 Computer Terminals 3 Dobson-Woodbury Research 0101 , 0102, 0103 DWR-OCR, Wand Equipment (the "Equipment") , and WHEREAS, the City is authorized, under the provisions of Part 8, Chapter 15, Title 31 , C R S 1973, as amended, to acquire necessary equip- ment 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 sucn equipment, and WHEREAS, the City Council of the City has determined that the City is in need of the Equipment and that it is in the best interest of the City to lease the Equipment from Boettcher & Company, which is providing financing for the acquisition of the Equipment, and WHEREAS, the City desires to enter into an equipment lease agreement (the "Equipment Lease Agreement") with Boettcher & Company with respect to the leasing of the Equipment, copies of which have been presented to the City Council at this meeting, and WHEREAS, the City has appropriated funds for the fiscal year 1979 which may lawfully be used to make payments coming due under the Equipment Leasc Agree,pen` du rng she rcTaij,ccr Gf frs�ill jeL'r 191-9 with all necessary steps, including any legal bidding requirements, und" applicable law to lease the Equipment under the Equipment Lease Agreement NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FOPT COLLINS 3 Section 1 Tne form, terms and provisions of the Equipment Lease Agreement be, and they hereby are, approved and the City shall enter into the Equipment Lease Agreement in substantially the form of such document presented to this meeting Section 2 The Mayor of the City and the City Clerk be, and they hereby are, authorized and directed to affix the City seal to the Equipment Lease Agreement, and each of such officers is hereby authorized to execute the Equipment Lease Agreement Section 3 The City Finance Director has examined the bid specifica- tions for the Equipment and the Equipment Lease Agreement and has deter- mined that sufficient moneys have been budgeted for and appropriated by the City to make payments under the Equipment Lease Agreement during the original term thereof Section 4 The officers of the City shall take all action not in violation of law necessary or reasonably required to effectuate the execution and delivery of the Equipment Lease Agreement and the leasing of the Equipment from Boettcher & Company and for carrying out, giving effect to and consummating the transactions contemplated by this Ordinance and the Equipment Lease Agreement, including, without limitation, the execution and delivery of any closing documents and certificates to be delivered in connection with the leasing of the Equipment, provided, however , that nothing contained in the Equipment Lease Agreement or herein snall be deemed to constitute a pledge of the funds, moneys or credit of the City except as funds of the City may be appropriated in any fiscal year to any payments of rentals under the Lease Section 5 As required by the provisions of the Fort Collins City Charter, this Ordinance and the approval of the Equipment Lease Agreement thereby shall not be effective until March 16, 1979 Introduced, considered favorably on first reading this 20th day of February, A D 1979, and to be presented for firial passage on thel3th day of March, A D 1979 or 7 ST CI y Clerk Passed and ad oted on Sncord readinr t1- s 1 t rlay of March n n 1979 M r EST Ci 4yer-k- -2- WHEREUPON, it was moved by Councilmember Lloi�d D St C2o2i and seconded by Councilmember Ea217 W277ez7ts072 to adopt Ordinance No 36 , 1979, on first reading The motion was put to a vote, the vote being as follows Those Voting Aye Richard h1 Sztznn, LZoud D St Crozx, C'harZes D Boi,)7 zizq, JacZ E RzisseZ Z and EarZ Wz Zkz nson Those Voting Nay Nana/ P Gram Those Absent Arvzd R BZoom Thereupon, the presiding officer declared said motion carried and said Ordinance passed on first reading After consideration of other business not related to the Equipment Lease Agreement, on motion duly made, seconded and adopted, the meeting thereupon adjourned Ma r AT IFT 7 /,", City Clerk r r STATE OF COLORADO ) ) ss CITY OF FORT COLLINS) I , VERNA LEodI-), the duly selected, qualified and acting Cler '< of tie City of Fort Collins, Colorado, do hereby certify 1 The foregoing pages numbered 1 to 5, inclusive, are a true, perfect and complete copy of the record of proceedings of the City Council of the City had and taken at a lawful meeting of the Council held at The Municipal Building, Fort Collins, Colorado, on FebPUarzj 20 , 1979, commencing at the hour of 5 30 p m as recorded in the regular official book of the proceedings of the City kept in my office, said proceedings were duly had and taken as therein show, the meeting therein shown was duly held, and the persons therein named were present at said meeting as therein shown 2 All members of the City Council were duly notified of said meet- ing, pursuant to law IN WITNESS THEREOF, I have hereunto set my hand and affixed the seal of the City this 20th day of February 1979 -__-)Z4:�" City Clerk