Resolution 2008-08 - Laserfiche WebLink

Home Browse Search

RESOLUTION N0.8 SERIES 2008 A RESOLUTION APPROVING A LEASE AGREEMENT BY AND BETWEEN THE CITY OF LOUISVILLE AND NATIONAL CITY COMMERCIAL CAPITAL WHEREAS, the City desires to lease golf cars for use at the Coal Creek Golf Course; and WHEREAS, the City and National City Commercial Capital Company, LLC, have reached agreement on the terms by which National City Commercial Capital Company, LLC will lease golf cars to the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: 1. The proposed Lease Agreement between the City of Louisville and National City Commercial Capital Company, LLC, is hereby approved in essentially the same form as the copy of such Lease Agreement accompanying this Resolution. 2. The City's payment obligations under the Lease Agreement are current expenditures of the City, payable in the fiscal year for which funds are appropriated for the payment thereof. The City's obligations under the Lease Agreement shall be from year to year only and shall not constitute amultiple-fiscal year direct or indirect debt or other financial obligation of the City within the meaning of Article X, Section 20 of the Colorado Constitution. 3. The Mayor is authorized to execute such Lease Agreement, except that the Mayor is hereby granted the authority to negotiate and ;approve such revisions to said Lease Agreement as the Mayor determines are necessary or desirable for the protection of the City, so long as the essential terms and conditions of the Lease Agreement are not altered. 4. The Mayor, City Manager and City Staff are further authorized to do all things necessary on behalf of the City to perform the obligations of the City under such Lease Agreement. ~' ~~.~D A~vD ADOPTED this day of , 2008. ~.,`_ - ~~. , -~. ~'Y b..1Y' ~ ri~4 ri ~ `~ r. Charl s L. Sisk, Mayor Nancy Varra, pity Clerk