CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date:10/20/2014

 

Staff Contact: Tracy Davis, Deputy Finance Officer

PW Committee or L&F Committee: 10/15/2014

 

City Council: 10/20/2014

 

 

Agenda Title:

Resolution 2014-098 - A RESOLUTION OF THE GOVERNING BODY OF CITY OF RAPID CITY , AUTHORIZING THE EXECUTION AND DELIVERY OF A MASTER GOVERNMENTAL LEASE-PURCHASE AGREEMENT AND SUPPLEMENT NO. 370946-404 THERETO WITH RESPECT TO THE ACQUISITION, PURCHASE, FINANCING AND LEASING OF CERTAIN EQUIPMENT FOR THE PUBLIC BENEFIT; AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS REQUIRED IN CONNECTION THEREWITH; AND AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION.

Summary:

This represents a financing package for the aerial truck for the Parks Department.

Funding Source & Fiscal Impact (if applicable):

General Fund

Recommendation:

Action: Choose an item. Approve

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Options:

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Attachments & Links:

Resolution No. 2014-098

Wells Fargo Lease

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