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4 <br /> <br /> <br />BE IT FURTHER RESOLVED <br /> , that this appropriation is conditioned upon the <br />receipt of $60,000 from the U.S. Department of Agriculture. <br /> <br />APPROPRIATION <br />d. : $451,481.00 – Purchase of Fire Truck and Related <br />nd <br /> Equipment (2 reading) <br /> <br />RESOLUTION APPROPRIATING FUNDS FOR A NEW FIRE TRUCK AND <br />RELATED EQUIPMENT AND FINANCING COSTS <br />$451,981 <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA <br />: <br />SECTION 1. Findings and Determinations. The Council (the "Council") <br />of the City of Charlottesville, Virginia (the "City"), hereby finds and determines as <br />follows: <br />(a) The City has contracted to purchase a new fire truck (the “Fire <br />Truck”) for a purchase price in the amount of $503,540, related loose equipment (the <br />“Loose Equipment”) for a purchase price in the amount of $178,920.43 and emergency <br />medical services equipment (the “EMS Equipment” and, collectively with the Fire Truck <br />and the Loose Equipment, the “Fire Truck and Equipment”) for a purchase price of in the <br />amount of $18,520, for a total purchase price in the amount of $700,980.43. <br />(b) The Council has determined to appropriate the amount of <br />$700,980.43 to pay the purchase price of the Fire Truck and Equipment, of which amount <br />$450,981, together with a document preparation fee in the amount of $500 or a total <br />amount of $451,481, is to be financed under a Master Lease Agreement (the “Master <br />Lease Agreement”) between the City and SunTrust Leasing Corporation (the “Leasing <br />Corporation”) and the balance of which amount, or the amount of $249,999.43, is to be <br />paid from funds previously appropriated by the City for this purpose. In addition, the <br />Council has determined to appropriate the amount of $5,000 for financing costs relating <br />to purchase of the Fire Truck and Equipment to be paid from available moneys of the <br />City. <br />SECTION 2. Appropriation of Moneys to Pay Purchase Price of Fire <br />Truck and Equipment and Financing Costs. The Council hereby appropriates the amount <br />of $700,980.43 to pay the purchase price of the Fire Truck and Equipment, of which <br />amount $450,981, together with a document preparation fee in the amount of $500 or a <br />total amount of $451,481, is to be financed under the Master Lease Agreement and the <br />balance of which amount, or the amount of $249,999.43, is to be paid from available <br />moneys of the City. In addition, the Council hereby appropriates the amount of $5,000 <br />for financing costs relating to the purchase of the Fire Truck and Equipment to be paid <br />from available moneys of the City. <br />SECTION 3. Effectiveness of Resolution. This resolution shall be effective from and <br />after its date of adoption <br /> <br />Revenue - $451,981 <br />Fund: 105 Cost Center: 3211001000 G/L Account: 499020 <br /> <br /> <br />Expenditure - $451,981 <br />Fund: 105 Cost Center: 3211001000 G/L Account: 541040 <br /> <br />RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A <br />MASTER LEASE AGREEMENT, EQUIPMENT SCHEDULE NO. 01, AN <br />ESCROW AGREEMENT, AND RELATED INSTRUMENTS, AND <br />DETERMINING OTHER MATTERS IN CONNECTION THEREWITH <br /> <br />