HomeMy WebLinkAboutCC RESO 93-23RESOLUTION NO. 93-23
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
AMENDING RESOLUTION NO. 92-164 CONCERNING
THE MASTER LEASE/PURCHASE AGREEMENT
FOR THE POLICE DEPARTMENT COMMUNICATIONS SYSTEM,
AND RESCINDING RESOLUTION NO. 92-219,
CONCERNING A LEASE FOR PLACEMENT OF THE
COMMUNICATIONS SYSTEM ON THE RADISSON SUITES HOTEL
WHEREAS, pursuant to Resolution No. 92-164, the City Council of the
City of National City authorized a radio communications system for the new police
facility, and authorized acquisition of said system pursuant to a Master Lease with Option
to Purchase Agreement ("the Lease/Purchase Agreement") by and between GE Capital
Public Finance, Inc., the City of National City, and the National City Joint Powers
Financing Authority; and
WHEREAS, pursuant to Resolution No. 92-219, the City Council authorized
the Mayor to execute a lease between the City of National City and National City Capital
for the placement of the police communications equipment on the roof of the Radisson
Suites hotel; and
WHEREAS, the original plan to locate the communications system on the
roof of the Radisson Suites hotel could not be accomplished, and it has been determined
to install the communications system on the roof of the new police facility; and
WHEREAS, to cover the cost of the installation of the communications
system on the roof of the new police facility, it is necessary to amend the Lease/Purchase
Agreement to provide for an increase in the monthly lease payment of $1066.19 for 44
months.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that Resolution No. 92-164 is hereby amended to authorize an
amendment to the Master Lease with Option to Purchase Agreement entered into by and
between GE Capital Public Finance, Inc., the City of National City, and the National City
Joint Powers Financing Authority to provide for an increase in the monthly lease payment
of $1066.19 for 44 months.
Continued on Page Two
Resolution No. 93-23
Page 2 of 2
rescinded.
ATTEST:
BE IT FURTHER RESOLVED that Resolution No. 92-219 is hereby
PASSED and ADOPTED this 23rd day of February, 1993.
.4R /4-
George H. aters, Mayor
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LoritAnne Peoples, CitY Clerk
APPROVED AS TO FQRM:
George H. Eiser, III
City Attorney