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HomeMy WebLinkAboutCC RESO 98-127RESOLUTION NO. 98-127 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING THE MAYOR TO EXECUTE A MASTER LEASE/PURCHASE AGREEMENT WITH SAULSBURY HILL FINANCIAL, AND AN ESCROW AGREEMENT WITH SAULSBURY HILL FINANCIAL AND THE BANK OF AMERICA, AND AUTHORIZING THE CITY MANAGER TO EXECUTE ANY NECESSARY SUBSEQUENT PURCHASES OR CONTRACTS NECESSARY TO COMPLETE THIS PROJECT WHEREAS, the Purchasing Agent of the City of National City did solicit proposals for a master lease agreement for a variety of software, hardware and equipment purchases, and WHEREAS, three of the proposals were almost identical, one of which was from Saulsbury Hill Financial, a current lease holder for various City projects, and WHEREAS, quality service and good rates have been received from this vendor on previous projects, NOW, THEREFORE, IT IS HEREBY RESOLVED that the City Council of the City of National City hereby rejects all of said proposals, except that herein mentioned, and hereby approves the Master Lease/Purchase Agreement be entered into with Saulsbury Hill Financial. BE IT FURTHER RESOLVED by the City Council of the City of National City, California, that the Mayor is hereby authorized to execute on behalf of the City, a Master Equipment Lease/Purchase Agreement between Saulsbury Hill Financial and the City, and an Escrow Agreement between the City, Saulsbury Hill Financial and the Bank of America. Said agreements are on file in the office of the City Clerk. BE IT FURTHER RESOLVED that the City Manager is authorized to initiate and execute any necessary subsequent purchases or contracts that may be required to complete this project. PASSED and ADOPTED this 22nd day of September 1998. � - George H. ters, Mayor � ATTEST: Michael R. Dalla, (Z'ity Clerk APP OVED AS TRM: e George Eiser, Ill, City Attorney