HomeMy WebLinkAboutRes1990-026
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Sponsored by: Schaefermever
CITY OF SEWARD, ALASKA
RESOLUTION NO. 90-026
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, AUTHORIZING THE EXECUTION OF AN AMENDMENT
TO THE $207,547 EQUIPMENT LEASE/PURCHASE AGREEMENT BY AND
BETWEEN THE CITY AND SECURITY PACIFIC BANK ALASKA, N.A.;
AND PROVIDING FOR RELATED MATTERS
WHEREAS, the City of Seward, Alaska (the "City"), is a home
rule city and under Section 11 of Article X of the Alaska Constit-
ution may exercise all legislative power not prohibited by law or
by the Charter of the City, and it has been determined that the
matters set forth in this Resolution are not prohibited by law or
the Charter; and
WHEREAS,
described in
Pacific Bank
to lease the
the City desires to lease certain equipment,
Attachment A hereto (the "Equipment") from Security
Alaska, N.A. (the "Lessor"), and the Lessor desires
Equipment to the City; and
WHEREAS, the City considers that the acquisition and leasing
of the Equipment from the Lessor is in the best interest, and will
promote the public purpose of the City; and
WHEREAS, there has been presented to the City the form of an
Amendment to the $207,547 Equipment Lease/Purchase Agreement dated
as of March 1, 1989 by and between the City and the Lessor ("the
Amendment") which the City proposes to enter into in connection
with the leasing of the Equipment; and
WHEREAS, it appears that the Agreement, which now is before
the City, is in appropriate form and is an appropriate instrument
for the purposes intended;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEWARD, ALASKA, that:
Section 1. The leasing by the City of the Equipment from the
Lessor under the Agreement is hereby approved. The aggregate
principal component of rent payable under the Equipment Lease/Pur-
chase Agreement, as amended, shall not exceed $222,000.00 and said
amount shall bear interest at a rate per annum not exceeding 8.25%.
Section 2. The form and content of the Agreement be and the
same hereby are in all respects authorized, approved and confirmed,
and the Mayor, City Manager and Assistant City Manager be and each
hereby is authorized, empowered and directed to execute and deliver
said document to the counterparty for and on behalf of the City in
substantially the form and content now before this meeting but with
such changes, modifications, additions and deletions therein as
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 90-026
shall to them seem necessary, desirable and appropriate, the
execution thereof to constitute conclusive evidence of the approval
of any and all changes, modifications, additions or deletions
therein from the form and content of the said document now before
this meeting, and that, from and after the execution and delivery
of the said document, the Mayor , City Manager, Assistant Ci ty
Manager, City Clerk and Acting City Clerk of the City are hereby
authorized, empowered and directed to do all such acts and things
and to execute all documents as may be necessary to carry out and
comply with the provisions of the document as executed.
Section 3. The Mayor, City Manager, Assistant City Manager,
City Clerk and Acting Clerk of the City or any other person
authorized by the City be and each hereby is authorized to execute
and deliver for and on behalf of the City any and all additional
certificates, documents, opinions or other papers and perform all
other acts as they may deem necessary or appropriate in order to
implement and carry out the intent and purposes of this Resolution.
Section 4. The City covenants that it will not use any of the
proceeds of the Agreement in such manner, or take or omit to take
any other action in such manner, as to impair the exemption of the
interest component of rent payable under the Agreement from federal
income taxation. The Agreement is hereby designated as a "qualifi-
ed tax exempt obligation" in accordance with Section 265(b)(3) of
the Internal Revenue Code of 1986, as amended (the "Code") and the
City hereby covenants that it shall not issue during the calendar
year 1990 more than $10,000,000.00 in aggregate principal amount
of tax-exempt obligations described in Section 265 (b)(3)(c)(ii)
of the Code.
Section 5. The provisions of this Resolution are hereby
declared to be separable and if any Section, phrase or provision
shall for any reason be declared to be invalid, such declaration
shall not affect the validity of the remainder of the sections,
phrases or provisions.
Section 6. Upon adoption of this Resolution, the Clerk or
Acting Clerk of the City shall cause a true copy of same to be
posted on the City Hall bulletin board as provided in Seward City
Code Section 2.15.035(d).
Section 7. This Resolution shall become effective upon
passage and approval in accordance with Seward City Code section
2.15.050(c).
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF SEWARD,
ALASKA, this 27th day of March, 1990.
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CITY OF SEWARD, ALASKA
RESOLUTION NO. 90-026
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
THE CITY OF SEWARD, ALASKA
Mayor
Burgess, Hilton, Meehan, Noll, Sieminski, Simutis
None
Dunham
None
APPROVED AS TO FORM:
PERKINS COlE, Attorneys for the
City of Seward, Alaska
vc&~~~-~~
Patricia J. Jones
Acting City Clerk
(City Seal)
7~ 111 ~
Fred B. Arv~dson
City Attorney
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ATTACHMENT A
Recommend the following purchases:
From __n Hamilton / A vnet
2 VT320-CA Dee Amber Terminals @ 455.00
2 26204 Codex 2320 Modem/Multiplex combo @2,325.00
4 Cables/term to MUX (2) MUX to term (2) @ 50.00
2 Serial printer cables to DEC term @ 50.00
1 Emulex EMS-760 MB Hard-drive & installation
w/controller (6200, w/o install)
$ 910.00
$4650.00
$ 200.00
$ 100.00
$ 7000.00
Estimated Shipping
$ 200.00
(see enclosed proposal (CPS-70-591)
From ---- Jade Computers
1
Tripp 750 watt UPS
$ 499.95
Shipping
$ 50.00
From n__
Computer Discount Supply
1
Epson LQ1050 Printer
$ 648.00
1
Epson LQ850 Printer
$ 469.00
Shipping
$ 70.00
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From ----
General Telephone
1
Line installation
(est)
Costs:
From __n
TimeLine
1
Memo Billing System
2
On-site setup and training
Other miscellaneous costs:
$63.75 for line
$67.00 per hour to install
$ 4.95 per jack
$ .05 per foot wire
TOTAL EST:
$ 300.00
$Nl).OO
$10000.00
Subtotal
$12500.00
Back-up tapes for new hard drive (est)
$ 300.00