HomeMy WebLinkAboutReso 1979-9589RESOLUTION N0. 95~g
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CHULA VI5TA APPROVING THE LEASE PURCHASE
AGREEMENT FOR DATAPHASE SYSTEMS LIBRARY
COMPUTER
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City has heretofore entered into an agree-
ment with DataPhase Systems, Inc. for the acquisition of an
automated library circulation system, and
WHEREAS, it has been determined that a lease purchase
agreement should be established for said acquisition for the
term of seven years providing for annual payments of $24,022.34
during the term of said lease, including both principal and
interest at the rate of 6-1/2%, and a down payment of $20,000.00,
for a total purchase price of $161,628.80, and
WHEREAS, the initial down payment of $20,000.00 is
budgeted in Account 100-1660-5271, Rentals and Leases - Library
Circulation, and
WHEREAS, the City Manager has recommended that the
contract of lease purchase be awarded to Bank of America NT&SA,
a financial institution chartered by the State of California, who
can produce an acceptable performance bond at an interest rate
of 6-1/2%.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Chula Vista, that the lease purchase agreement
with the Bank of America be, and the same is, hereby approved
in accordance with the terms set forth hereinabove.
BE IT FURTHER RESOLVED that the Mayor of the City of
Chula Vista be, and he is, hereby authorized and directed to
execute said contract for and on behalf of the City of Chula
Vista with the Bank of America.
Presented by
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Gordon K. Grant, Director
of Finance
Approved as to form by
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George Lindberg, City Attorney
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 15th day of- May
197 s , by the following vote, to-wit:
AYES: Councilmen Gillow, Scott, Cox, Egdahl, Hyde
NAYES: Councilmen None
ABSTAIN: Councilmen None
ABSENT: Councilmen None
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Mayor of the City of Chub Vista
ATTEST
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s .
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is o full, true and correct copy of
DATE D
,and that the some has not been amended or repealed.
(seal) City Clerk
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