HomeMy WebLinkAbout2001-062 - Documents for Computer Hardware/ Software09~6~1LES
RESOLUTION NO. 2001-062
A RESOLUTION AUTHORIZING AND DIRECTING THE
EXECUTION OF CERTAIN LEASE FINANCING DOCUMENTS
FOR COMPUTER HARDWARE/SOF'I-VVARE AND
AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH
RESPECT THERETO
BE IT RESOLVED by the City Council of the City of Santa Ana as follows:
Section 1. The City Council of the City of Santa Ana hereby finds, determines
and declares that the following findings are true and correct:
The City proposes to finance certain computer hardware and software and
related equipment (the "Project");
B. The City has solicited proposals from commercial leasing firms in
connection therewith and the City has received proposals several firms;
The proposal of Suntrust Leasing Corporation (the "Lessor"), a copy of
which is attached hereto (the "Proposal"), is the best proposal, providing
the lowest cost to the City for financing the Project;
It is in the public interest and for the public benefit that the City authorize
and direct execution of a lease agreement with the Lessor and certain
other financing documents in connection therewith;
The documents below specified have been filed with the City and the
members of the Council, with the aid of its staff, shall review said
documents;
Section 2. The City Council hereby approves and accepts Lessor's Proposal.
Section 3. The below-enumerated documents are hereby approved, and the
Mayor, the City Manager or the Executive Director of the Finance & Management
Services Agency, or the designee of any such official, is hereby authorized and directed
to execute said documents, with such changes, insertions and omissions as may be
approved by such official, and the Clerk of the Council is hereby authorized and directed
to attest to such official's signature:
(a) a lease agreement, by and between the Lessor, as lessor, and the City, as
lessee (the "Lease Agreement"), so long as the basic financial terms thereof are
consistent with the Proposal; and
Resolution No. 2001-062
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(b) if required, an escrow agreement, by and between the City and a trustee
bank to be selected, relating to the receipt, investment and disbursement of
moneys paid by the Lessor to the City under the Lease Agreement.
Section4. Quint & Thimmig LLP, San Francisco, California, is hereby
designated as bond counsel to the City in connection with the execution and delivery of
the Lease Agreement. The Mayor, the City Manager or the Executive Director, Finance
& Management Services Agency, or the designee of any such official, is hereby
authorized and directed in the name and on behalf of the City to execute an Agreement
for Legal Services with such firm.
Section 5. PMG Financial Consulting, Orange, California, is hereby designated
as financial advisor to the City in connection with the execution and delivery of the Lease
Agreement. The Mayor, the City Manager or the Executive Director, Finance &
Management Services Agency, or the designee of any such official, is hereby authorized
and directed in the name and on behalf of the City to execute an Financial Advisory
Agreement with such firm.
Section 6. The Mayor, the City Manager, the Executive Director of Finance &
Management Services Agency, the City Attorney, the Clerk of the Council and all other
appropriate officials of the City are hereby authorized and directed to execute such other
agreements, documents and certificates as may be necessary to effect the purposes of
this resolution and the financing herein authorized.
Section 7. This Resolution shall take effect immediately upon its adoption by
the City Council, and the City Clerk shall certify the vote adopting this Resolution.
ADOPTED, this 17th dayof Seotember . 2001.
iguel A. Pulido ~- \
Mayor
APPROVED AS TO FORM:
Joseph W. Fletcher, City Attomey
Lisa E. Storck
Assistant City Attorney
Resolution No. 2001-062
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AYES:
NOES:
ABSTAIN:
Councilmembers: Alvarez, Bist, Christy, Franklin. McGuioan. Solorio (6)
Councilmembers: None
Councilmembers: None
NOT PRESENT: Councilmembers: Pulido (1)
CERTIFICATE OF ATTESTATION AND ORIGINALITY
I, PATRICIA E. HEALY, Clerk of the Council, do hereby attest to and certify the attached
Resolution No. 2001-062 to be the original resolution adopted by the City Council of the
City of Santa Ana on September 17. 2001.
~r4 Cler~'the Counc'l ~r
Cityff~f Santa Ana
Resolution No. 2001-062
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