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4 <br />WHEREAS <br />, the City of Charlottesville has received a donation from Friendship <br />Court to fund enhanced police coverage for the areas defined in the Sponsorship <br />Agreement, including salary, equipment, technology and related administrative expenses <br />associated with provisions of such enhanced coverage. <br /> <br />NOW, THERFORE BE IT RESOLVED <br /> by the Council of the City of <br />Charlottesville, Virginia, that the sum of $88,522.00, to be received as a donation from <br />Friendship Court, is hereby appropriated in the following manger, and is conditioned <br />upon receipt of $88,522 by Friendship Court in four (4) quarterly payments to the City. <br /> <br />Revenues - $88,522 <br />Fund: 105 Internal Order: 2000005 G/L Account: 451999 <br /> <br />Expenditures - $88,522 <br />Fund: 105 Internal Order: 2000005 G/L Account: 510060 <br /> <br />APPROPRIATION <br />f. : $233,334 – Weed & Seed Grant (carried over) <br /> <br />APPROPRIATION <br />g. : $30,000 – Summer Youth Internship Program <br /> (carried over) <br /> <br />APPROPRIATION <br />h. : $5,000 – Arts Challenge Grant (carried over) <br /> <br />APPROPRIATION <br />i. : $159,967 – Purchase of Fire Brush Unit and Related <br /> Financing Costs (carried over) <br /> <br />RESOLUTION <br />j. : $737,019 – Equipment Lease Purchase Agreement for <br /> Purchase of Police/Fire/Utilities Equipment <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />CHARLOTTESVILLE, VIRGINIA <br />: <br /> <br />SECTION 1. Findings and Determinations. The Council (the “Council”) of the City of <br />Charlottesville, Virginia (the “Council”) hereby finds and determines as follows: <br /> <br />(a) The City has entered into agreements to purchase nine police cruisers, a boring <br />machine and a fire brush unit and related loose equipment for an aggregate purchase price <br />of approximately $737,019.90, to be financed from moneys to be advanced to the City by <br />SunTrust Bank under an Equipment Lease Purchase Agreement (the “Equipment Lease <br />Purchase Agreement”) by and between SunTrust Bank, as Lessor, and the City, as <br />Lessee. <br /> <br />(b) The Council has determined to approve the form of the Equipment Lease <br />Purchase Agreement and the terms, conditions and provisions of the Equipment Lease <br />Purchase Agreement and to authorize the execution and delivery of the Equipment Lease <br />Purchase Agreement for the purpose of financing the purchase price of the equipment <br />described in Section 1(a). <br /> <br />SECTION 2. Approval of Form and Terms, Conditions and Provisions of Equipment <br />Lease Purchase Agreement; Authorizing Execution of Equipment Lease Purchase <br />Agreement. The Council hereby approves the form and the terms, conditions and <br />provisions of the Equipment Lease Purchase Agreement and authorizes the Chief <br />Operating Officer/Chief Financial Officer to execute and deliver the Equipment Lease <br />Purchase Agreement to SunTrust Bank in such form, together with such changes as he <br />shall approve on advice of counsel (which may be the City Attorney or Bond Counsel to <br />the City), such approval to be conclusively evidenced by his execution of the Equipment <br />Lease Purchase Agreement, it being understood that the rental payments payable by the <br />City under the Equipment Lease Purchase Agreement in each fiscal year of the City shall <br />be subject to appropriation of moneys for such purpose by the Council from time to time. <br /> <br />SECTION 3. Effectiveness of Resolution. This resolution shall take effect upon its <br />adoption. <br /> <br />