HomeMy WebLinkAbout1989-281
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RESOLUTION NO. 89-281
RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A
FIVE (5) YEAR LEASE PURCHASE AGREEMENT FOR THE FINANCING OF
ONE (1) EACH TRAFFIC PAINT STRIPER, ONE (1) EACH ROTATING
DERRICK TRUCK (POLE CAT) AND ONE (1) EACH INTEGRATED
TOOLCARRIER (IT LOADER) IN ACCORDANCE WITH LEASE PURCHASE
QUOTATION LP 9004.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. That Lease Securities Company and General
Electric Capital Corporation are the two lowest and best
responsible bidders for the financing and delivery of one (1)
each traffic paint stripper, one (1) each rotating derrick truck
(pole cat) and one (1) each integrated toolcarrier (IT loader) in
accordance with Lease Purchase Quotation LP 9004 for the total
amounts of $357,828.70 and $359,080.00 respectively; pursuant to
this determination, the Mayor and Common Council hereby authorize
the Purchasing Agent to accept the bid of the lowest and best of
the two bidders as of July 21, 1989 on behalf of the City; said
bidder shall thereby be deemed to be the lowest and best bidder
and all other quotations will be deemed rejected as of that date;
such award shall only be effective upon the issuance of an
agreement by the Mayor of the City of San Bernardino and upon
tender of a Purchase Order by the Purchasing Agent.
SECTION 2. No other transactions shall be initiated under
the Master Lease contained in this agreement without the prior
approval of the Mayor and Common Council.
SECTION 3.
The Director of Finance, Purchasing Agent and
the City Attorney are hereby authorized to execute such documents
as are necessary for the administration of this transaction.
DCR:mg
July 5, 1989
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SECTION 4.
The authorizations to execute the above-
3 referenced agreements are rescinded if the parties to the
4 agreements fail to execute them within sixty (60) days of the
5 passage of this resolution.
6 I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and the Council at a
held on the 17th day of July, 1989
thereof/by the following vote, to wit:
Thefc,;>regoing resolution is hereby
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Approved as to form
and legal content:
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AYES:
NAYS:
ABSENT:
of
JAMES F. PENMAN
City Attorney
regular
meeting
Council Members Estrada, Reilly, Flores,
Maudsley, Monor
None
Council Members Pope-Ludlam, Miller
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City Cjerk '
s /<ftL day
BY~
DCR:mg
July 5, 1989
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