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2016-007 - Municipal Lease Agreement with Liberty National Bank for fire truck
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2016-007 - Municipal Lease Agreement with Liberty National Bank for fire truck
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Last modified
5/19/2016 9:15:43 AM
Creation date
2/1/2016 12:47:17 PM
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CITY CLERK
Doc Type
Resolution
CITY CLERK - Date
1/25/2016
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ESSENTIAL USE LETTER <br />Gentlemen: <br />Reference is made to that certain Equipment Lease /Purchase Agreement, dated as of <br />January 28 2016 ( the "Agreement'), between Liberty National Bank, <br />as Lessor and the undersigned, as Lessee. The Equipment, as such term is defined in the Agreement can <br />generally be described as follows: <br />SEE ATTACHED LIST <br />This confirms and affirms that the Equipment is essential to the governmental functions of lessee. <br />Further, Lessee has an immediate need for, and expects to make immediate use of, substantially all the <br />Equipment, which need is not temporary or expected to diminish in the foreseeable future. The <br />Equipment will be used by Lessee for the purpose of performing one or more of Lessee's governmental <br />functions consistent with the permissible scope of lessee's authority and not in any trade of business <br />carried on by any person other than Lessee. Specifically the Equipment was selected by lessee to be <br />used as follows: <br />Firetruck <br />LESSEE: City of Paris, TX <br />By: <br />Date: <br />
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