HomeMy WebLinkAbout105 - 09/18/1979 - AUTHORIZING THE CITY TO ENTER INTO A LEASE PURCHASE AGREEMENT FO THE ACQUISITION OF CERTAIN BUSINESS ORDINANCE NO 105, 1979
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHQRIZING THE CITY TO ENTER INTO A LEASE PURCHASE
AGREEMENT FOR THE ACQUISITION OF CERTAIN BUSINESS EQUIPMENT
WHEREAS, for the past several years, the City of Fort Collins has been utilizing
seven Xerox copiers on a lease basis , and
WHEREAS, in connection with said leases, the City has accumulated a number of
"rental credits" which would permit the City to purchase these copy machines at a
greatly reduced rate, 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 equipment and other property
for its governmental and proprietary purposes under the provisions of a long term
rental or lease hold agreement with an option to purchase such equipment, and
WHEREAS, in the considered opinion of the Council of the City of Fort Collins,
it is in the best interest of the City to acquire title to the aforementioned copy
machines, said machines being identified as Xerox Copier, Serial Nos 758-057310,
533-701158, 466-070541 , 466-055143, 466-096247, 758-038829, and 283-935384
Utilizing the "rental credits" referred to above, the City would be required to
pay the sum of FORTY-ONE THOUSAND TWO HUNDRED EIGHTY THREE AND 95/100 DOLLARS
($41 ,283 95) for seven machines all over a period of five (5) years , with the 1979
installment for the seven machines being THREE THOUSAND THREE HUNDRED FORTY AND
NO/100 DOLLARS ($3,340)
Section 11 NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager and City Clerk be, and they hereby are, authorized
and directed to execute a Lease Purchase Agreement with Xerox Corporation, pursuant
to the statutes cited above for the purpose of leasing seven Xerox Copier machines
over a sixty (60) month period with an option to purchase said machines
Section 2 That this ordinance, pursuant to C R S 1973, 31-15-108 as amended,
shall not take effect until thirty (30) days after its passage
Introduced, considered favorably on first reading and ordered published this
28th day of August, A D 1979, and to be Dresented for final passage on the 18th day
of September, A D 1979
0A
May
ATTEST
Cl1 5
Clerk
Passed and adopted on final reading this 18th day of September, A D 1979
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