10-2191 Lease Purchase Agreement with SunTrust Equipment Finance & Leasing Corp.

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RESOLUTION 10-2191 A RESOLUTION OF THE CITY OF CASSELBERRY, FLORIDA, AUTHORIZING THE CITY OF CASSELBERRY TO ENTER INTO EXHIBITS TO THE MASTER LEASE AGREEMENT DATED OCTOBER 12, 2000, WITH SUNTRUST LEASING CORPORATION FOR THE LEASE PURCHASE OF SEVEN (7) POLICE PATROL VEHICLES, TWO (2) CHILLER PLANTS, SIX (6) CARDIAC MONITOR/DEFIBRILLATORS AND BALL FIELD LIGHTS FOR WIRZ PARK: PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE. Whereas, the City of Casselberry desires to lease purchase new equipment as herein defined from SunTrust Leasing Corporation subject to the terms and conditions of certain agreements; and Whereas, the City of Casselberry desires to lease purchase seven (7) police patrol vehicles as herein defined from SunTrust Leasing Corporation at a cost of $154,000; and Whereas, the City of Casselberry desires to lease purchase two (2) chiller plants for City Hall and the Police Department buildings as herein defined from SunTrust Leasing Corporation at a cost of $451,000; and Whereas, the City of Casselberry desires to lease purchase six (6) cardiac monitor/defibrillators for the Fire Department as herein defined from SunTrust Leasing Corporation at a cost of $199,950; and Whereas, the City of Casselberry desires to lease purchase ball field lights for Wirz Park as herein defined from SunTrust Leasing Corporation at a cost of $143,000; and Whereas, the City has previously executed a Master Lease Agreement with SunTrust Leasing Corporation dated October 12, 2000, and finds it is in the best interest of the City to execute exhibits to the Lease which include an escrow agreement and a document adding the seven (7) patrol vehicles, two (2) chiller plants, six (6) cardiac monitor/defibrillators and Wirz Park ball field lights to the Master Lease. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, AS FOLLOW: SECTION 1. The Mayor of the City of Casselberry is hereby authorized to execute Exhibits to the Master Lease Agreement dated October 12, 2000, for seven (7) patrol vehicles, two (2) chiller plants, six (6) cardiac monitor/defibrillators and Wirz Park ball field lights, from SunTrust Leasing Corporation in the form attached hereto as Exhibits A thru G-2. SECTION 2. Conflicts. All Resolutions or parts of Resolutions in conflict with any of the provisions of this Resolution are hereby repealed. SECTION 3. Severability. If any Section or portion of a Section of this Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force, or effect of any other Section or part of this Resolution.