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)