1794u
u
u
RECITALS:
RESOLUTION NO.1794
A RESOLUTION AUTHORIZING THE CITY MANGER TO SIGN LEASE/
PURCHASE AGREEMENTS WITH BANK AMERICA LEASING AND CAPITAL GROUP
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 in the 1994 budget of the City of Moses Lake.
2. The Cityof Moses Lakedesires, fromtime to time, to lease said personal property from Bank America
Leasing and Capital Group.
RESOLVED:
1.The City of Moses Lake from time to time shall lease from Bank America Leasing and CapitalGroup
personal property as set forth in the 1994 budget of the City of Moses Lake.
2.The City Manager is authorized to enter into agreements with Bank America Leasing and Capital
Group for the leasing of said personal property upon such terms as may seem advisable to such
officers, to execute agreements,leases,applications for leases,and other documents in connection
with or incidental to,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 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 prior to the passage of this resolution are hereby ratified and affirmed.
Adopted by the City Council on December 21,1993.
Finance Director