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I • RESOLUTION APPROPRIATING FUNDS FOR A NEW FIRE TRUCK AND RELATED EQUIPMENT AND FINANCING COSTS $451,981 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 truck (the "Fire Truck") for a purchase price in the amount of $503,540, related loose equipment (the "Loose Equipment') for a purchase price in the amount of $178,920.43 and emergency medical services equipment (the "EMS Equipment' and, collectively with the Fire Truck and the Loose Equipment, the "Fire Truck and Equipment') for a purchase price of in the amount of $18,520, for a total purchase price in the amount of $700,980.43. (b) The Council has determined to appropriate the amount of $700,980.43 to pay the purchase price of the Fire Truck and Equipment, of which amount $450,981, together with a document preparation fee in the amount of $500 or a total amount of $451,481, is to be financed under a Master Lease Agreement (the "Master Lease Agreement') • between the City and SunTrust Leasing Corporation (the "Leasing Corporation") and the balance of which amount, or the amount of $249,999.43, is to be paid from funds previously appropriated by the City for this purpose. In addition, the Council has determined to appropriate the amount of $5,000 for financing costs relating to purchase of the Fire Truck and Equipment to be paid from available moneys of the City. SECTION 2. Appropriation of Moneys to Pay Purchase Price of Fire Truck and Equipment and Financing Costs. The Council hereby appropriates the amount of $700,980.43 to pay the purchase price of the Fire Truck and Equipment, of which amount $450,981, together with a document preparation fee in the amount of $500 or a total amount of $451,481, is to be financed under the Master Lease Agreement and the balance of which amount, or the amount of $249,999.43, is to be paid from available moneys of the City. In addition, the Council hereby appropriates the amount of $5,000 for financing costs relating to the purchase of the Fire Truck and Equipment 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 - $451,981 Fund: 105 Cost Center: 3211001000 G/L Account: 499020 Expenditure - $451,981 Fund: 105 Cost Center: 3211001000 G/L Account: 541040 • Approved by Council May 21, 2007 Clerkjf City Council