HomeMy WebLinkAbout1981-489
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RESOLUTION NO. 81-489
2 RESOLUTION OF THE CITY OF SAN BERNARDINO ACCEPTING BID OF
BANK OF AMERICA FOR LEASE PURCHASE FINANCING OF CIRCUIT TESTING
3 EQUIPMENT, AND AUTHORIZING EXECUTION OF AGREEMENT.
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BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
BERNARDINO AS FOLLOWSz
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I SAN
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SECTION 1. The bid of the Bank of America for lease purchase
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financing of circuit testing equipment to provide certain circuit
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testing equipment needed by the City of San Bernardino, based on
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an interest rate of ten percent per annum, for a term of three
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years, is hereby accepted, that being the lowest and best bid for
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such lease agreement. provision of this equipment by Bank of
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America shall be based on the bid of Hewlett-Packard Company, of
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Fullerton, California, in the principal amount of $18,126 for such
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equipment, that being the lowest and best bid for the needed
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equipment.
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SECTION 2. The Mayor of the City of San Bernardino is hereby
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authorized and directed to execute on behalf of said City the
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lease purchase agreement in the form presented by the Bank of
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America, upon approval as to form by the City Attorney.
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20 I HEREBY CERTIFY that the foregoing resolution was duly
21 adopted by the Mayor and Common Council of the City of San
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Bernardino at an adlourned reaular
meeting thereof, held
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on the
12th day of
, 1981, by the following
October
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AYES:
Council Members Castaneda, Reilly, Hernandez,
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Botts, Hudson, Hobbs, Strickler.
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NAYS:
None.
ABSENT:
None.
~~~Ab
/ C~ty Clerk
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The foregoing resolution is hereby approved this
~~~O~ . 1981.
of
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IC~ty At rney
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ernardino