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HomeMy WebLinkAboutReso 10-2005RESOLUTION NO. 10-2005 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOI,UTION AUTHORIZING A MASTER LEASE AGREEMENT WITH THE MUNICIPAL FINANCE CORPORATION THOUGH THE ABAG LEASING PROGRAM TO ACQUIRE A BASIC LIFE SUPPORT (BLS) AMBULANCE AND A FIRE TRAINING VEHICLE WHEREAS, staff desires to enter into a Master Lease Agreement with the Municipal Finance Corporation though the ABAG Leasing Program to acquire a Basic Life Support (BLS) Ambulance and fire training vehicle; and WHEREAS, the Municipal Finance Corporation will also assist the City in negotiating lease purchase terms, preparing final documentation of lease agreements, and in closing financing; and WHEREAS, the acquisitions of the new BLS Ambulance and fire training vehicle are included in the 2004-2005 Operating Program Budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that the City Council hereby authorizes a Master Lease Agreement with the Municipal Finance Corporation though the ABAG Leasing Program to acquire a Basic Life Support (BLS) Ambulance and a fire training vehicle. BE IT FURTHER RESOLVED that the City Manager is hereby authorized to execute the agreement on behalf of the City of South San Francisco. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a regular meeting held on the 26th day of January 2005 by the following vote: AYES: Councilmembers Richard A. Garbarino, Pedro Gonzalez, and Karyl Matsumoto, Mayor Pro Tem Joseph A. Femekes and Mayor Raymond L. Green NOES: None. ABSTAIN: None. ABSENT: None. ATTEST: /City Cl~rk : ~