HomeMy WebLinkAboutRESOLUTION NO. 09-11-112RESOLUTUION NO. 09-11-112
SCHEDULE F
RESOLUTION FOR SUPPLEMENTAL LEASES
A RESOLUTION TO AUTHORIZE AND
DIRECT AN OFFICER OF THE CITY
TO EXECUTE ONE OR MORE LEASE SUPPLEMENTS FOR A LEASE
OR LEASES UNDER THE GMA DIRECT LEASING PROGRAM; TO DESIGNATE
SUCH LEASES AS QUALIFIED TAX-EXEMPT OBLIGATIONS;
TO PROVIDE AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
BE IT RESOLVED by the City Council of the City of Milton, GA while in regular session on November
2, 2009 at 6:00 p.m. as follows:
WHEREAS, the City has entered into a Master Lease (the "Master Lease") dated as of February 13,
2007, with Georgia Municipal Association, Inc. for the leasing from time to time of certain equipment,
machinery or other personal property pursuant to Supplemental Leases;
NOW THEREFORE, BE IT RESOLVED OR AS FOLLOWS BY THE GOVERNING BODY OF THE
CITY:
The City Manager of the City is hereby authorized and directed to execute and deliver a
Lease Supplement pursuant to the Master Lease to put into effect one or more leases for
2009 Ford Explorer (the "Leased Property"); said officer of the City is authorized and
directed in the name and on behalf of the City to execute and deliver (i) one or more
Lease Supplements for items of the Lease Property in substantially the form attached to
the Master Lease, with such changes and additions as may be approved by said officer,
and (ii) such other documents as may be deemed by such officer to be necessary or
desirable to effect the purposes hereof or of the Master Lease, and such execution shall
constitute conclusive evidence that the executed document has been authorized and
approved hereby; the aforesaid officer is further authorized to do all things necessary or
appropriate to effectuate the purposes hereof.
2. An appropriation from unappropriated and unreserved funds in the City's current
operating budget is hereby made for the "Rentals" and the "Termination Payment"
during the "Starting Term" under such Lease Supplements, and the budget of the City is
hereby amended to reflect such appropriation to the extent necessary.
3. The lease or leases contemplated by the said Lease Supplements are hereby designated
"Qualified Tax -Exempt Obligations" within the meaning of Section 265(b)(3) of the
Internal Revenue Code of 1986, as amended, and said officer shall be authorized to
confirm such designation by execution of appropriate documents in connection
therewith.
4. This authorization shall be effective immediately.
Approved:
Joe Lockw d, ayor
RESOLUTUION NO. 09-11-112
CLERK'S CERTIFICATE
The undersigned hereby certifies that she is the Clerk of the City of Milton, Georgia (the "City"), and that
the foregoing is a true copy of the Resolution adopted by the governing body of the City at a meeting
duly held on November 2, 2009, at which a quorum was present and acting throughout, and that the same
has not been rescinded or modified and is now in full force and effect.
Given under the seal of the City, this November 2, 2009.
(SEAL)
�Peajt*eR. Marchiafava, City Clerk