Resolution 07-1162EXHIBIT C-1.
Lease Number: [01]
Equipment Schedule: 02
RESOLUTIONN NO. 07-1162
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF LONGWOOD, FLORIDA, AUTHORIZING THE
EXECUTION AND DELIVERY OF A MASTER LEASE
AGREEMENT, EQUIPMENT SCEIEDULE NO. 02, AN
ESCROW AGREEMENT, AND RELATED INSTRUMENTS,
WITH SUNTRUST LEASING CORPORATION;
AUTHORIZING A LEASE OF TWO (2) AMBULANCES
AND TWO (2) FIRE TRUCKS THEREUNDER;
AUTHORIZING THE EXECUTION OF SUCH OTHER
DOCUMENTS AS MAY BE NECESSARY TO COMPLETE
THE TRANSACTIONS CONTEMPLATED HEREBY; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the governing body of City of Longwood ("Lessee") desires to obtain
certain equipment (the "Equipment") described in. Equipment Schedule No. 02 to the Master
Lease Agreement: (collectively, the "Lease") with SunTrust Leasing Corporation, the
form of which has been available for review by the governing body of Lessee prior to this
meeting; and
WHEREAS, the Equipment is essential for the Lessee to perforn its governmental
functions; and
WHEREAS, the funds made available under the Lease will be deposited with
SunTrust Bank (the "Escrow Agent") pursuant to an Escrow Agreement between Lessee
and the Escrow Agent (the "Escrow Agreement") and will be applied to the acquisition of
the Equipment in accordance with said Escrow Agreement; and
WHEREAS, Lessee has taken the necessary steps, including those relating to any
applicable legal bidding requirements, to arrange for the acquisition of the Equipment; and
WHEREAS, Lessee proposes to enter into the Lease with SunTrust Leasing
Corporation and the Escrow Agreement with the Escrow Agent substantially in the forms
presented to this meeting.
NOW, THEREFORE, BE IT RESOLVED BY 'CITE CITY COMMISSION OF THE
CITY OF LONGWOOD, FLORIDA AS FOLLOWS:
Section 1. It is hereby found and determined that the terms of the Lease and the Escrow
Agreement (collectively, the "Financing Documents") in the forms presented to this meeting
and incorporated in this resolution are in the best interests of Lessee for the acquisition of
the Equipment.
Section 2. The Financing Documents and the acquisition and financing of the Equipment
under the terms and conditions as described In the Financing Documents are hereby
approved. The Mayor of City of Longwood and any other officer of Lessee who shall have
power to execute contracts on behalf of Lessee be, and each of them hereby is, authorized to
execute, acknowledge and deliver the Financing Documents with any changes, insertions
and omissions therein as may be approved by the officers who execute the Financing
Documents, such approval to be conclusively evidenced by such execution and delivery of
the Financing Documents. The City Clerk of ttie ]Lessee and any other officer of Lessee
who shall have power to do so be, and each of them hereby is, authorized to affix the official
seal of Lessee to the Financing Documents and attest the same.
Section 3. The proper officers of Lessee be, and each of them hereby is, authorized and
directed to execute and deliver any and all papers, instruments, opinions, certificates,
affidavits and other documents and to do or cause to be done any and all other acts and
things necessary or proper for carrying out this resolution and the Financing Documents.
The undersigned further certifies that the above resolution has not been repealed
or amended and remains in full force and effect and further certifies that the Lease and
Escrow Agreement executed on behalf of Lessee are, the same as presented at such meeting
of the governing body of Lessee, excepting only such changes, insertions and omissions as
shall have been approved by the officers who executed the same.
PASSED AND ADOPTED THIS lcf':�'DAY Oh A.D., 2007.
By;
C-.
A:`ftest:
C
Sarah M. M.4us, City Clerk
Approved as to form and legality for the use and re.hance of the City of Longwood,
Florida, only.
resa S. Roper, Acting, Jr., City Attorney