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2014-031 - Authorizing a Lease Purchase Agreement with Liberty National Bank for the purchase of one fire engine
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2014-031 - Authorizing a Lease Purchase Agreement with Liberty National Bank for the purchase of one fire engine
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1/25/2017 11:00:00 AM
Creation date
11/10/2014 12:41:44 PM
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CITY CLERK
CITY CLERK - Date
10/27/2014
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1 1;11 --hat <br />ACCEPTANCE CERTIFICATE <br />No.1 <br />(Non- Escrow Funded) <br />THIS ACCEPTANCE CERTIFICATE is issued pursuant to the certain Municipal Lease Agreement dated <br />2D14 (the "Agreement") between ( "Lessor")andthebelow- identified <br />Lessee ('Lessee "). All terms notdefined herein shall have their meanings described intheAgreement. <br />I. The undersigned, as Lessee under the Agreement, acknowledges delivery and receipt in good condition and fully in <br />compliance with the Agreement, and herebyaccepts, all of the Equipment described on the attached Description of Equipment <br />this day of .2014 <br />2. A present need exists for the Equipment which need is not temporary or expected to diminish in the near future. The <br />Equipment is essential to and will be used by Lessee onlyfor the purpose of performing one or more governmental functions of <br />Lessee consistent with the permissible scope of Lessee's authority. <br />3. Lessee confirms that it will make all rental payments set forth on the Schedule of Payments attached hereto as required by <br />and inaccordance with Section 3 ofthe Agreement. <br />4. Lessee confirms that sufficientfunds have been orwill be appropriated to make all payments of rent due in subsequent years, <br />subject to the provisions of %olim2(c) oftheAgreement. <br />51 The Equipment is covered by insurance in the types and amounts required by the Agreement and is located at the location <br />set forth inthe attached description of Equipment. <br />6. No event of default, as such term is defined in the Agreement, and no event which with the giving of notice of lapse of time, <br />or both, would become an event of default, has occurred and is continuing on the date hereof. <br />7. Lessee hereby authorized and directs Lessor to fund the acquisition cost of the Equipment by paying the Vendor(s) the invoice <br />prices) as set forth on the attached Description of Equipment, and certifies that upon such payment, Lessorwill havefully and <br />satisfactorily performed all of its covenants and obligations underthe Agreement with respectto the Equipment. <br />LESSEE: <br />By: <br />Title:. <br />Date <br />
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