HomeMy WebLinkAbout1982-3101 RESOLUTION NO. 82-310
2 RESOLUTION OF THE CITY OF SAN BERNARDINO ACCEPTING BID OF
BANK OF AMERICA FOR LEASE PURCHASE FINANCING OF TWO 4 TON CAB
3 AND CHASSIS TRUCKS, AND AUTHORIZING EXECUTION OF AGREEMENT.
4 II BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
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6 11 SECTION 1. The bid of Bank of America for lease purchase
7 II financing of two 4 ton cab and chassis trucks to provide certain
g (I cab and chassis trucks needed by the City of San Bernardino,
9 II based on an interest rate of twelve percent per annum, for a term
10 11 of five years, is hereby accepted, that being the lowest and best
11 bid for such lease agreement. Provision of this equipment by
12 Bank of America shall be based on the bid of Seagrave Fire Ap-
13 paratus Incorporated, of Saratoaa California, in the principal
14 amount of ,$161,825.96 for such equipment, that being the lowest
15 and best bid for the needed equipment.
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SECTION
2. The Mayor of the City of San Bernardino is here -
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by authorized
and directed to execute on behalf of said City
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the Lease Purchase
Agreement in the form presented by Bank
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of Americaupon approval as to form by the City Attorney.
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I HEREBY
CERTIFY that the foregoing resolution was duly
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adopted by the Mayor and Common Council of the City of San
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Bernardino at
a regular meeting thereof, held on the
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19th
day of July 1982, by the following
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vote to wit:
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AYES:
Council Members Castaneda, Reilly, Hernandez,
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Quiel Hobbs Strickler
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NAYES:
None
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ABSENT:
Council Member Botts
City Clerk
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The foregoing resolution is hereby approved this
day of July 1982,
Ma3Mbr of tht Citif of San BaChardino
Approved as to form:
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City Pt
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