HomeMy WebLinkAboutReso 1981-10712
RESOLUTION NO. 10712
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ACCEPTING QUOTATION AND APPROVING LEASE/PURCHASE
LETTER OF PROPOSAL FOR WORD PROCESSING EQUIPMENT WITH
BANK OF AMERICA
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City Council has heretofore approved
Resolution No. 10672 accepting the bid of Wang Laboratories, Inc.
for the lease/purchase of word processing equipment, and
WHEREAS, on October 15, 1981, letters of request for
quotation for financing the lease/purchase of the word processing
equipment were sent to Crocker National Bank, Security Pacific
National Bank and Bank of America, and
WHEREAS, the only bank responding to the request was Bank
of America who quoted an interest rate of 10% with no down payment
required and three equal annual payments, including principal and
interest of $20,569.63 with total interest over the three-year
period of $5,688.89, with the assumption that said quotation will
be appropriately adjusted, and
WHEREAS, said proposal is acceptable to the Director of
Finance.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby accept the quotation and
approve the lease/purchase letter of proposal for word processing
equipment with Bank of America.
Presented by
form by
/4f~r~w// A~~
Gordon K. Grant, Director of
Finance
,;
George D. Lindberg, City Attorney
ADOPTED AND APPROVED BV THE CITY COUNCIL OF THE CITY OF
CHlLA VISTA. CALIFORNIA. this 15th
19"K 1 . by the fo/lowing vote, to-wit:
day of
December
AYES:
NAYES:
ABSTAIN:
ABSENT:
Councilmen
Gillow, Campbell, Scott, Cox
None
Councilmen
CoI.ncilmen
Councilmen
None
McCandliss
I
I
p"(J"
...
Moyor of
ATTE~.~ ~cj?--~-y
City Clerk
I. '.
of ChuIo Vista
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) 55.
CITY OF CHULA VISTA )
I, JENNE M. FULASZ. CMC. CITY CLERK of the City of Chulo Vista. California,
DO HEREBV CERTIFY thot the above and foregoing is 0 full. true and correct copy of
RESOLUTION NO. 10712
.and that the same has not been amended or repealed.
DATED
City Clerk
( seal)
CC-660