HomeMy WebLinkAbout01-308 (2) Lease Number: [01]
Equipment Schedule: 01
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RESOLUTION NO 01-308
RESOLUTION AUTHORIZING THE EXECUTION AND
DELIVERY OF A MASTER LEASE AGREEMENT,
EO. UZ:PMENT .SCHEDULE NO. 01, AN ESCROW
AGREEMENT, AND RELATED ZNSTRUMENTS, AND
DETERNLtNTNG OTHER MATTER5 TN CONNEC3-J:ON
THEREWITH.
WHEREAS, the Board of County Commissioners of St. Lucie County, Florida
~ssee") desires to obtain certain equipment (the "Equipment") described in Equipment
hedule No. 01 to the Master Lease Agreement (collectively, the "Lease") with
INTRUST LEASING CORPORATION, the form of which has been available for review
the governing body of Lessee prior to this meeting; and
WHEREAS, the Equipment is essential for the Lessee to perform its governmental
~ctions; and
WHEREAS, the funds made available under the Lease will be deposited with
'NTRUST BANK (the "Escrow Agent") pursuant to an Escrow Agreement between
?see and the Escrow Agent (the "Escrow Agreement") and will be applied to the
uisition of the Equipment in accordance with said Escrow Agreement; and
WHEREAS, Lessee has taken the necessary steps, including those relating to any
icable legal bidding requirements, to arrange for the acquisition of the Equipment; and
WHEREAS, Lessee proposes to enter into the Lease with SUNTRUST LEASTNG
RPORATION and the Escrow Agreement with the Escrow Agent substantially in the
'ms presented to this meeting.
NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF
5SEE AS FOLLOWS:
:tion 1. It is hereby found and determined that the terms of the Lease and the Escrow
·eement (collectively, the "Financing Documents") in the forms presented to this
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~.eting and incorporated in this resolution are in the best interests of Lessee for the
quisitian of the Equipment.
:ction 2. The Financing Documents and the acquisition and financing of the Equipment
der the terms and conditions as described in the Financing Documents are hereby
)roved. The Chairman/County Administrator of Lessee and any other officer of Lessee
o shall have power to execute contracts on behalf of Lessee be, and each of them
reby is, authorized to execute, acknowledge and deliver the Financing Documents with
changes, insertions and omissions therein as may be approved by the officers who
:cute the Financing Documents, such approval to be conclusively evidenced by such
ecution and delivery of the Financing Documents. The Clerk/Deputy Clerk of the
ssee and any other officer of Lessee who shall have power to do so be, and each of
,-m hereby is, authorized to affix the official seal of Lessee to the Financing
cuments and attest the same.
ction 3. The proper officers of Lessee be, and each of them hereby is, authorized and
'acted to execute and deliver any and all papers, instruments, opinions, certificates,
:idavits and other documents and to do or cause to be done any and all other acts and
rigs necessary or proper for carrying out this resolution and the Financing Documents.
ction 4. Pursuant to 5action 265(b) of the Internal Revenue (;ode of 1986, as amended
"Code"), Lessee hereby specifically designates the Lease as a "qualified tax-exempt
igation" for purposes of 5action 265(b)(3) of the Code.
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The undersigned further certifies thor the obove resolution has not been repealed
omended ond remoins in full force ond effect ond further certifies thor the Lease ond
crow Agreement executed on beholf of Lessee ore the some os presented ot such
:eting of the governing body of Lessee, excepting only such chonges, insertions ond
lissions as sholl hove been opproved by the officers who executed the some.
BOARD OF COUNTY CO~MAIL~IoNER5
ST. LUC'J:E COUNTY, F£ORZDA-,,;~
BY: ~' ' :"
APPROVED AS TO FORM AND
CORRECTNESS:
BY:
A-s~'-. County Attorney