HomeMy WebLinkAboutCouncil Resolutions 1546 RESOLUTION NO. ( SH(o
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
THE LEASE AGREEMENT WITH KS STATE BANK FOR THE PURCHASE
OF A VACUUM TRUCK
RECITALS:
A. The Central Point City Council deems it appropriate to acquire one (1)
Vactor 2100i PD 16" Vacuum Truck through a lease purchase
agreement with KS State Bank
The City of Central Point resolves as follows:
Section 1. Determination of Need.
The City Council has determined a true and very real need exists for the
acquisition of one (1) Vactor 2100i PD 16" Vacuum Truck through a five
year lease agreement (Contract) dated July 10, 2018 between the City of
Central Point, Oregon and KS State Bank.
Section 2. Approval and Authorization.
The City Council has determined that the Contract, substantially in the
form presented to this meeting, is in the best interests of the City for the
acquisition of one (1) Vactor 2100i PD 16" Vacuum Truck, and the City
Council hereby approves entering into the Contract by the City of Central
Point and authorizes the City Manager to execute and deliver the Contract
on the City of Central Point's behalf with such changes thereto as such
person deem appropriate, and any related documents, including any
Escrow Agreement, necessary to the consummation of the transaction
contemplated by the Contract
Passed by the Council and signed by me in authentication of its passage this
/Q A day of July, 2018. f6layor Hank Williams
ATTES'( I /71)
City Recorder