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RESOLUTION NO.1531
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN LEASE/PURCHASE
AGREEMENTS WITH SECURITY PACIFIC BANK
RECITALS:
1.It is desirable and important to the business success of the City of Moses Lake to lease personal
property consisting of equipment as set forth inthe 1990 Budget ofthe Cityof Moses Lake.
2. The City ofMosesLakedesires,from timeto time,to lease said personalproperty from SecurityPacific
Bank.
RESOLVED:
1. The Cityof Moses Lakefromtime to time shalllease fromSecurity Pacific Bank personal propertyas
set forth in the 1990 Budget of the City of Moses Lake.
2. The City ManagerIs authorizedto enter intoagreements with SecurityPacific Bankforthe leasingof
said personal property upon such terms as may seem advisable to such officers, to execute
agreements,lease, applicationsforleases, and other documents inconnection withor incidentalto, any
instruments executed hereunder to be in such form and with such terms and conditions as may be
agreed upon between them and said bank.
3. The City Manager isalso authorized to accept or direct delivery form said bank ofany such property
leased hereunder.
4. The authoritygivenhereunder should be deemed retroactiveand any and allacts authorized hereunder
performed priorto the passage of this resolution are hereby ratified and affirmed.
Adopted by the City Council on February 13,1990.