1371L
RECITALS:
RESOLUTION NO.1371
A RESOLUTION AUTHORIZING THE CITY MANAGER TO SIGN LEASE/
PURCHASE AGREEMENTS WITH SECURITY PACIFIC NATIONAL BANK
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 1988 Budget of the City of Moses Lake.
2.The City of Moses Lake desires,from time to time,to lease said personal
property from Security Pacific National Bank.
RESOLVED:
1.The City of Moses Lake from time to time shall lease from Security
Pacific National Bank personal property as set forth in the 1988 Budget
of the City of Moses Lake.
2.The City Manager is authorized to enter into agreements with Security
Pacific National Bank 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 Manager is also authorized to accept or direct 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 January 26,1988.
ATTEST:
City Clerk