CC Resolution 1985-069B
^"0t II
RESOLUTION NO. 85-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LA QUINTA, CALIFORNIA, GOVERNING BODY
EXTRACT OF MINUTES.
WHEREAS, the City Council of the City of La Quinta has determined
that a true and very real need exists for the acquisition of the
equipment described in the Municipal Lease and Option Agreement
presented to this meeting; and
WHEREAS, the City Council of the City of La Quinta has taken the
necessary steps, including any legal bidding requirements, under
applicable law, to arrange for the acquisition of such equipment.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
La Quinta, California, that the terms of said Municipal Lease and Option
Agreement are in the best interests of the City of the La Quinta for the
acquisition of such equipment, and the City Council designates and
confirms the following persons to execute and deliver, and to witness
or attest), respectively, the Security Pacific Capital Markets Group
Municipal Lease and Option Agreement and any related documents necessary
to the consummation of the transactions contemplated by the Municipal
Lease and Option Agreement.
Frank M. Usher City Manager
Name of Party to Execute Title
Municipal Lease & Option Agmt.)
Ann Jennings Deputy City Clerk
Name of Party to Attest or Title
Witness Municipal Lease &
Option Agreement)
APPROVED and ADOPTED this 6th day of August, 1985.
7
ATTEST:
TY RK
AP D AS TO FO APPROVED AS TO CONTENT:
*ER
The undersigned further certifies that the above resolution has not been
repealed or amended and remains in full force and effect and further
certifies that the above and foregoing Municipal Lease and Option
Agreement is the same as presented at said meeting of the City Council
of the City of La Quinta, California. *
City Clerk
August 21, 1985
Date
BIB]
11-06-1997-U01
03:37:03PM-U01
ADMIN-U01
CCRES-U02
85-U02
69-U02