1662RESOLUTION NO.1662
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN LEASE/PURCHASE AGREEMENTS
WITH SECURITY PACIFIC NATIONAL BANK
RECITALS:
1.It is desirable and important to the business success of the City of Moses Lake to lease personal
propertyconsisting of equipment as set forth inthe 1992 Budget of the Cityof Moses Lake.
~~~\2.The City ofMoses Lake desires,from time totime,tolease said personal property from Security Pacific
\*J Bank.
RESOLVED:
1. The City of Moses Lake from time to time shall lease from Security Pacific Bank personal propertyas
set forth in the 1992 Budget of the City of Moses Lake.
2. The City Manager is authorizedto enter intoagreements withSecurity Pacific Bank forthe leasing of
said personal property upon such terms as may seem advisableto such officers,to execute agree
ments, leases,applications for leases, and other documents in connection with or incidental to, any
instruments executed hereunderto be in such form and with such terms and conditions as may be
agreed upon between them and said bank.
3. The City Manager is also authorized to accept or direct delivery from said bank of any such property
leased hereunder.
4. The authority given hereunder shouldbe deemed retroactive andanyand all acts authorized hereunder
performed prior to the passage of this resolution are hereby ratified and affirmed.
Adopted by the CityCouncilon January 28,1992.
Finance Director
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