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RESOLUTION NO. 6260
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA, CALIFORNIA APPROVING A LEASE WITH
MUNICIPAL CAPITAL MARKETS GROUP, INC. FOR THE
LEASE/PURCHASE OF AN OCE TDS400 DIGITAL
PRINTING SYSTEM
WHEREAS, the City Council of the City of Arcadia has
determined that a true and very real need exists for the
acquisition of the Project described in that certain Municipal
Lease and Option Agreement on file with the City Clerk; and
WHEREAS, the City of Arcadia has taken the necessary steps,
including any legal bidding requirements, under applicable law to
arrange for the acquisition of such Project.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS:
Section 1. That the terms of said Municipal Lease and Option
Agreement are in the best interests of the City for the acquisition
of such Project, and the City Council designates and confirms the
City Manager, or his designee, to execute and deliver the Municipal
Lease and Option Agreement and any related documents necessary to
the consummation of the transactions contemplated by the Municipal
Lease and Option Agreement.
Section 2.
That the reasonably anticipated amount of
qualified tax-exempt obligations which have been and will be issued
by the City does not exceed $10,000,000 for the calendar year
within which this Municipal Lease and Option Agreement is to be a
ftqualified tax-exempt obligation" pursuant to Section 265(b) (3) of
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the Internal Revenue Code.
Section 3. The City Clerk shall c~rtify to the adoption of
this Resolution.
Passed, approved, and adopted this 18th day of September, 20.01.
MaYO~e~ Arcadia
ATTEST:
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. y Clerk Ofrity 'Of Arcadia
APPROVED AS TO FORM:
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Stephen Deitsch, City Attorney
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/J
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certifies that
the foregoing Resolution No. 6260 was passf:d and adopted by the City Council of the
City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular
meeting of said Council held on the 18th day of September, 2001 and that said
Resolution was adopted by the following vote, to wit:
AYES: Councilmember Chandler, Chang, Kovacic, Marshall and Segal
NOES: None
ABSENT: None
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