HomeMy WebLinkAbout2003-R-15 RESOLUTION 2003-R-15
A RESOLUTION OF Tl~ BOARD OF PUBLIC WORKS
WHEREAS, in accordance with Indiana Code 5-22-2 bids for the purchase listed on exhibit A
were approved; and
WHEREAS, the assignment of such bids to the Indiana Bond Bank in accordance with thc
provision of Indiana Code 5-1.5 is in the best interest of the City of Jeffersonville; and
WHEREAS, the Board of Public Works has reviewed the proposed master lease agreement
between the City of Jeffersonville and the Indiana Bond Bank presented at this mceq~ng;
THEREFORE BE IT RESOLVED that the execution by the Mayor of the City of Jeffersonville
and delivery to the Indiana Bond Bank of the lease in the form presented to this meeting
including any and all lease supplements thereto with respect to the leasing of the equipment
authorized by the Board, are hereby authorized and approved, together with such changes in such
Lease or lease supplements as may be approved as necessary or appropriate by the Board of
Public Works in order to carry out transactions authorized hereby, with the execution of the lease
or lease supplements to constitute conclusive evidence of any such approval.
BE IT FURTHER RESOLVED that the Mayor of the City o£ Jeffersonville is authorized and
directed to initial and date a copy of the Lease togOaher with the lease supplement thereto and
place the same in the minute book immediately following the minutes of this meeting, and said
lease, together with any lease supplement thereto is made a part of this resolution as fully as if it
were set forth herein.
BE IT FURTHER RESOLVED that the Mayor oftbe City of Jeffersonville is hereby
authorized and directed to execute the aforesaid Lease together with any lease supplement thereto
on behalf of the City of Jcffersomrille together with any documents required hereunder, including
but not limited to Certificates of Acceptance, affidavits on behalf of the City of Jeffersonville,
Uniform Commercial Code Financing statements and Internal Revenue Service Code Forms
8038GC or 8038G.
ALL OF WHICH IS RESOLVED this 23'a day of June, 2003.
ATTEST:
Peggy WIt3d~¥~Clerk Treasurer
EXHIBIT A
EQUIPMENT SCHEDULE NO. 2
Lessor:
INDIANA BOND BANK
2980 MARKET TOWER, 10 WEST MARKET STREET, INDIANAPOLIS,IN, 46204
Lessee: CITY OF JEFFERSONVILLE
501 E. COURT AVENUE, JEFFERSONVILLE, IN, 47130
This Equipment Schedule entered into this JULY 15, 2003, by and between Lessor and Lessee pursuant to and subject to the terms and conditions of the
Master Lease-Purchase Agreement dated as of August 28, 2001
I. Equipment covered by this Equipment Schedule:
aire and lease to Lessee the equipment listed below ("Equipment")
Equipment Description Location Serial Number Cost
Compaq ML370 Server Jl:lq~ t:KSONVILLE, iNDIANA, TO BE DETERMINED $43,000,00
P4 Internet Proxy Server
Fujitsu 620C Scanner
Fujitsu 4l 10 Scanner (Qty 2)
Laserfiche Document Management
Software
Webwerks lntemet Hosting Software
Section 2. Billing Address SAME, ~.TTN: WEB SITE EQUIPMENT LEASE
Section 3. Term In Months: 18
Section 4, Ren~t See E>chibit B
Payment Frequency: 2 Payments, July i, 2004 and January I, 2005
Commencement Date: July 15, 2003
iNDIANA BOND BANK
By:
Title:
Lessor
ATTEST
By'.
Title:
EXHIBIT B
Payment Date Base Rent*
1 07/01/2004 5,000.00
2.01/01/2005 38,000.00
SCHEDULE OF PAYMENTS
Interest Component
Principal Component
Option to Pumhase Price**
* The Base Rent of the Lease Purchase Payments s determined by applying an annual rate of interest equal to of the outstanding balance of an original
principal amount of $43,000.00 ~or the equipment, being an equal to portion of the cost of acquiring the Equipmen~-
** After payment of the Lease-Purchase Payment due on such date.
INDIANA BOND BANK
By:
Title:
Lessor
ATTEST
By:.
Title: