HomeMy Public PortalAboutResolution 22-22 Authorizing Mayor to enter lease agreement - 950M LoaderCity of McCall
RESOLUTION NO. 22-22
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF McCALL, VALLEY COUNTY,
STATE OF IDAHO, PROVIDING FOR FINDINGS AND PURPOSES; AUTHORIZING THE
MAYOR TO ENTER INTO, ON BEHALF OF SAID MUNICIPALITY, A "GOVERNMENTAL
EQUIPMENT LEASE -PURCHASE AGREEMENT" AND A "NON -APPROPRIATION
ADDENDUM" BETWEEN THE CITY OF McCALL AND CATERPILLAR FINANCIAL
SERVICES CORPORATION, AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED by the City Council of the City of McCall:
WHEREAS, the City of McCall is authorized and has the power to lease personal property as
provided for in Idaho Code Section 50-301; and
WHEREAS, it is in the best interests of the City of McCall to enter into a lease with Caterpillar
Financial Services Corporation, a Tennessee corporation, denoted as "GOVERNMENTAL
EQUIPMENT LEASE -PURCHASE AGREEMENT" and "NON -APPROPRIATION
ADDENDUM", for the reasons and authority for which are as set forth in Agreements.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL as
follows:
Section 1.
The Mayor and Clerk are hereby authorized to enter into and on behalf of the City of
McCall, that certain Agreement with Caterpillar Financial Services Corporation,
entitled "GOVERNMENTAL EQUIPMENT LEASE -PURCHASE AGREEMENT"
and "NON- APPROPRIATION ADDENDUM", and to bind this City to its terms and
conditions for a new 5 -year lease for a 950M loader.
Section 2. That the terms of the leases substantially inform are just and equitable, and said
leases are hereby approved.
Section 3. The City of McCall Clerk is directed to file this Resolution forthwith in the official
records of this City of McCall.
Section 4. This resolution shall be in full force and effect from the date of its passage.
PASSED and approved by the Mayor and City Council of the City of McCall this 7th day of
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Resolution 22-20 Caterpillar Financial Services Corporation Agreements Streets
July 7, 2022
July, 2022.
CITY OF MCCALL
Valley County, Idaho
Robert S. Giles, Mayor
ATTEST:
1 certf that the above resolution was duly adopted by the City Council of the City of McCall on
July 7, 2022 by thefollowing vote: Ayes' 41
Noes: .-
Absent:
BessieJo Wagne-, City Clerk
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Resolution 22-20 Caterpillar Financial Services Corporation Agreements Streets
July 7, 2022
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