HomeMy Public PortalAboutRES-CC-2011-03Resolution #03-2011
The resolution was then signed by the Moab City Council in open meeting and
recorded by the Moab City Recorder. The resolution is as follows:
A resolution approving the form of the Equipment Lease Agreement with Zions
First National Bank, Salt Lake City, Utah. Finding that it is in the best interests of
City of Moab, Utah to enter into said Agreement, and authorizing the execution and
delivery thereof.
Whereas, the City Council (the "Governing Body") has determined that a true and very real
need exists for the leasing of the equipment described in the Equipment Lease Agreement
presented to this meeting; and
Whereas, the Governing Body has reviewed the form of the Equipment Lease Agreement and
has found the terms and conditions thereof acceptable to City of Moab, Utah; and
Whereas, the Governing Body has taken the necessary steps including any legal bidding
requirements, under applicable law to arrange for the leasing of such equipment under the
Equipment Lease Agreement.
Be it resolved by the Governing Body of City of Moab, Utah as follows:
Section 1. The terms of said Equipment Lease Agreement are in the best interests of City of
Moab, Utah for the leasing of the equipment described therein.
Section 2. The Mayor and City Recorder/Asst. City Manager are hereby authorized to
execute and deliver the Equipment Lease Agreement and any related documents necessary to the
consummation of the transactions contemplated by the Equipment Lease Agreement for and on
behalf of City of Moab, Utah.
Section 3. The officers of the Governing Body and City of Moab, Utah are hereby authorized
and directed to fulfill all obligations under the terms of the Equipment Lease Agreement.
Adopted and approved this 1 lth day of January, 2011.
By
Dave Sakrison, Mayor
Attest:
By
Rachel Ellison, City Recorder/Asst. City Manager
[SEAL]
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