HomeMy WebLinkAboutCity of Tamarac Resolution R-96-120Temp Reso. #7430
Revised May 14, 1996
Revised May 16, 1996
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-96--&
A RESOLUTION OF THE CITY COMMISSION
OF THE CITY APPROVING OF MSEAADA
LEAPORC 12
DOCUMENTS IN COMPLIANCE WITH STATE
LAW REQUIREMENTS OF "NEGOTIATED
SALE" FINDINGS; PROVIDING FOR
CONFLICTS; PROVIDING FOR
EFFECTIVSEVERABIEIDA'TE AND PROVIDING FOR AN
WHEREAS, by Resolutions No. R-96-68, R-96-80 and R-96-82, the City
Commission has approved the acquisition of certain fire apparatus and rescue vehicles
pursuant to a lease -purchase financing arrangement with First Union National Bank of
Florida pursuant to an existing Equipment Lease -Purchase Agreement; and
WHEREAS, the lease documents and various closing documents have been
finalized and are on file with the City Clerk; and
WHEREAS, state law requires that certain "negotiated sale" findings be made by
the City Commission in connection with this lease transaction; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in
the best interests of the citizens and residents of the City of Tamarac to approve final
lease purchase documents meeting Florida Statute requirements.
NOW, THEREFORE, BE IT RESOLVED 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 this Resolution.
SECTION 2: The lease documents in substantially the form on file with the
City Clerk are hereby approved, and the City Commission hereby authorizes and directs
the Mayor and the City Clerk to execute any such documents to which the City is a party
together with any additional documents and certificates as are necessary or appropriate
to carry out the intent hereof.
SECTION 3: Pursuant to Florida Statutes, Section 218.385, the City
Commission hereby declares that it is in the best interest of the City that the subject lease
be "negotiated" with First Union National Bank of Florida rather than offered for public sale
by competitive bid because a public sale would not, in all likelihood, result in more
favorable terms due to the size and nature of the lease financing and the fact that the City
has solicited and received competitive financial proposals from various financial
institutions.
Temp Reso. #7430
Revised May 14, 1996
Revised May 16, 1996
C..
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SECTION 4: All resolutions or parts of resolutions in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 5: If any clause, section, other part or application of this
Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid,
in part or application, it shall not affect the validity of the remaining portions or applications
of this Resolution.
SECTION 6: This Resolution shall become effective immediately upon its
passage and adoption.
PASSED, ADOPTED AND APPROVED this day of 4kr
, 1996.
NORMAN ABRAMOWITZ
MAYOR
ATTEST:
CAROL A. EVANS
CITY CLERK
I HEREBY CERTIFY that I
have approved this
RESOLUTION as -to form.
MITCHELL S. K
CITY ATTORN
SDH/sar
MAYOR
DIST. 1:
DIST. 2:
DIST. 3:
MT. 4:
RECORD OF COMMISSION VOTE
K