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RECITALS:
RESOLUTION NO.1733
A RESOLUTION AUTHORIZINGTHE CITY MANGER TO SIGN LEASE/
PURCHASE AGREEMENTS WITH GE CAPITAL
1. It is desirable and importantto the business success of the City of Moses Laketo lease personal
propertyconsisting of equipment as set forth inthe 1993 budget of the City of Moses Lake.
2. The City of Moses Lake desires, fromtime to time, to lease said personal property from GE Capital.
RESOLVED:
1.The Cityof Moses Lake fromtime to time shalllease from GE Capital personal propertyas set forth
in the 1993 budget of the City of Moses Lake.
2. The City Manager is authorized to enter into agreements with GE Capital for the leasing of said
personal property upon such terms as may seem advisable to such officers,to execute agreements,
leases, applications forleases, and other documents in connection with or incidental to, any instru
ments 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 Manageris also authorized to accept ordirect delivery from said bank of any such property
leased hereunder.
4.The authority given hereunder should be deemed retroactive and any and all acts authorized
hereunder performed priorto the passage of this resolution are hereby ratifiedand affirmed.
Adopted by the City Council on February 9,1993
ATTEST:
Finance Director