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CITY of RAPID CITY Agenda Item Summary |
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Meeting Date: June 26, 2013 |
Commission, Board or Committee: NA |
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Staff Contact: Pauline Sumption, Finance Officer |
L&F Committee: 6/26/13 |
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Petitioner: |
City Council Hearing: 7/1/13 |
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Location: |
City Council 2nd Reading: NA |
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Agenda Title: |
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Resolution No. 2013-070 - A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A SUPPLEMENT NO. 370946-401 TO THE MASTER GOVERNMENTAL LEASE-PURCHASE AGREEMENT 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 |
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Summary: |
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Council previously approved the master lease agreement with Wells Fargo and this is the second sub-agreement for the snow plow portion of the lease. There will more than likely be a third sub-agreement for the boom truck for the Parks Department. If all of the equipment would have been bid out, awarded and received at the same time, there would only have been one set of documents. |
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Funding Source & Fiscal Impact (if applicable): |
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Capital Lease from Wells Fargo |
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Recommendation: |
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Action: Approve Notes: |
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Options: |
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Attachments & Links: |
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