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RESOLUTION APPROPRIATING FUNDS FOR A NEW FIRE BRUSH UNIT • AND RELATED LOOSE EQUIPMENT AND FINANCING COSTS BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE, VIRGINIA: SECTION 1. Findings and Determinations. The Council (the "Council') of the City of Charlottesville, Virginia (the "City"), hereby finds and determines as follows: (a) The City has contracted to purchase a new fire brush unit and related loose equipment (the "Fire Brush Unit') for a purchase price in the amount of $159,967. (b) The Council has determined to appropriate the amount of $159,967 to pay the purchase price of the Fire Truck Brush Unit to be financed under an Equipment Lease Purchase Agreement (the "Equipment Lease Purchase Agreement') by and between the City and SunTrust Bank. In addition, the Council has determined to appropriate the amount of $5,000 for financing costs relating to purchase of the Fire Brush Unit and other capital equipment to be financed under the Equipment Lease Purchase Agreement to be paid from available moneys of the City. SECTION 2. Appropriation of Moneys to Pay Purchase Price of Fire Brush Unit and Financing Costs. The Council hereby appropriates the amount of $159,967 to pay the purchase price of the Fire Brush Unit to be financed under the Equipment Lease Purchase • Agreement. In addition, the Council hereby appropriates the amount of $5,000 for financing costs relating to the purchase of the Fire Brush Unit and other capital equipment to be financed under the Equipment Lease Purchase Agreement to be paid from available moneys of the City. SECTION 3. Effectiveness of Resolution. This resolution shall be effective from and after its date of adoption. Revenue 105-3211001000-499020 Lease Proceeds $159,967 Expenditure 105-3211001000-541040 Vehicle Acquisition $159,967 302-202100100-530670 Financing Costs $5,000 Approved by Council September 17, 2007 CkA of City Council