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Resolution No. 2021-04 | Authorizing City Administrator to Finalize &Execute Lease-Purchase Agreement for Type 1 Fire Engine | Adopted 02/01/2021RESOLUTION NO. 2021-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY AUTHORIZING THE CITY ADMINISTRATOR TO FINALIZE AND EXECUTE THE LEASE-PURCHASE AGREEMENT WITH LEASING 2, INC. FOR A TYPE I FIRE ENGINE IN AN AMOUNT NOT TO EXCEED $699,501.91 PURCHASED FROM ROSENBA UER AMERICA WHEREAS, the City Council of the City of Gilroy has determined that a true and very real need exists for the acquisition of a Type I Fire Engine to be used solely for essential governmental functions and not for private business use;and WHEREAS, the City of Gilroy has taken the necessary steps, including, without limitation to compliance with legal bidding requirements, under applicable law to arrange for the acquisition of a Type I Fire Engine; and WHEREAS, the City of Gilroy wishes to finance the purchase of a new Type I Fire Engine; and WHEREAS, the City of Gilroy will purchase one Type I Fire Engine from Rosenbauer America in an amount not to exceed $699,501.91; and WHEREAS, Leasing 2, Inc. offers the ability finance the fire engine purchase for five years at the interest rate of 1.9%; and WHEREAS, the City of Gilroy will enter into a Leas-e·-Purdra-st':-Agreeme11twithLeasing2; Inc. in ananrount not to exceed $699,501,91. NOW, THEREFORE , the City Council of the City of Gilroy hereby finds, detennines, and resolves as follows: l. The tenns of said Lease-Purchase Agreement and Escrow Agreement are in the best interest of the City of Gilroy for the acquisition of a Type I Fire Engine . 2. The City Council designates Jimmy Forbis, City Administrator, as the person to finalize, execute, and deliver the Lease-Purchase Agreement and Escrow Agreement and any related documents necessary to the consll.11lIIlation of the transactions contemplated by the Lease-Purchase Agreement and Escrow Agreement. PASSED AND ADOPTED this 1st cfay of February, 2021 by the following roll call vote: AYES : COUNCILMEMBERS: ARMENDARIZ, BRACCO, IDLTON, LEROE- MUNOZ, MARQUES, TOVAR and BLANKLEY. NOES : COUNCILMEMBERS: NONE. ABSENT: COUNCILMEMBERS: NONE . APPROVED: RESOLUTION NO. 2021-04 I, SUZANNE GUZZETTA, Deputy City Clerk of the City of Gilroy, do hereby certify that the attached Resolution No. 2021-04 is an original resolution, or true and correct copy of a city Resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 1st day of February, 2021, at which meeting a quorum was present. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of zetta Clerk of the City of Gilroy (Seal)