HomeMy WebLinkAboutCity of Tamarac Ordinance O-2000-0171
Temp. Ord. #1897
May 10, 2000
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CITY OF TAMARAC, FLORIDA
ORDINANCE NO. 0-2000 —
AN ORDINANCE OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA, APPROVING THE
EXECUTION AND DELIVERY OF CERTAIN LEASE
DOCUMENTS IN CONNECTION WITH THE
PROPOSED FINANCING OF A FIRE RESCUE
VEHICLE UNDER THE EXISTING AND APPROVED
MASTER LEASE -PURCHASE AGREEMENT BETWEEN
THE CITY AND KISLAK NATIONAL BANK; AMENDING
THE ANNUAL BUDGET OF ESTIMATED REVENUES
AND EXPENDITURES FOR THE PURCHASE;
PROVIDING FOR CONFLICTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, by Resolution R-99-331 adopted by the City Commission
November 18, 1999, the City has approved the acquisition of one Rescue
Vehicle (the "Vehicle") at a cost of $140,000; and
WHEREAS; the City has determined that it is in the best interests of the
City and its citizenry to acquire the Vehicle pursuant to a lease -purchase
financing arrangement with Kislak National Bank (the "Lessor"); and
WHEREAS; the City wishes to utilize the existing approved Master Lease
with Kislak National Bank as approved by City of Tamarac Resolution 2000-95,
March 16, 2000; and
WHEREAS; the lease documents and various closing documents related
to the lease -purchase financing of the Equipment will be finalized and
Temp. Ord. #1897
May 10, 2000
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substantially final forms of such documents shall be on file with the City Clerk;
and
WHEREAS, the acceptance of these funds requires the amending of
budgeted revenues and expenditures of appropriate City Funds; and
WHEREAS, the City Manager has recommended these amendments to
the Fiscal Year 2000 budget to properly account for all budgetary actions related
to the lease -purchase of the Vehicle; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it
to be in the best interest of the citizens and residents of the City of Tamarac to
amend the FY 00 Budget to address the actions needed to implement the lease -
purchase of the Vehicle.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY
COMMISSION OF THE CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified
and confirmed as being true and correct and are hereby made a specific part of
the Ordinance upon adoption hereof.
SECTION 2: The appropriate City Officials are hereby authorized and
directed to execute the lease -purchase financing agreement with Kislak National
Bank, attached hereto as Exhibit "A" and made part hereof, which agreement
provides for the financing's principal amount, interest rate and repayment terms.
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Temp. Ord. #1897
May 10, 2000
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SECTION 3: The budget of the City of Tamarac is hereby amended, in
accordance with the Vehicle Lease -Purchase Document and all necessary
budgetary transfers of funds are hereby approved.
SECTION 4: Conflicts: All Ordinances or parts of Ordinances in
conflict herewith are hereby repealed to the extent of such conflict.
SECTION 5: Severability: If any provision of this Ordinance or the
application thereof to any person or circumstances is held invalid, such invalidity
shall not affect other provisions or applications of this Ordinance than can be
given affect without the invalid provision or application, and to this end the
provisions of this Ordinance are declared to be severable.
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Temp. Ord. #1897
May 10, 2000
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SECTION 6: Effective date: This Ordinance shall become effective
immediately upon adoption.
PASSED, FIRST READING this 62 day of , 2000.
PASSED, SECOND READING this day of Q, 2000.
ATTEST:
MARION SWENS N. INTERIM CITY CLERK
I HErEBY CERTIFY/that I have
Apo oved Ihis.ORD ANCE as to form.
jZE SCH14REIBER, MA
RECORD OF COMMISSION VOTE
MAYOR SCHREIBER
DIST 1: COMM. PORTNER
DIST 2: COMM. MISHKIN
DIST 3: COMM. SULTANOF
DIST 4: VIM ROBERTS