HomeMy WebLinkAboutBSFS EQUIPMENT LEASING A COMPONENT GENERAL ELECTRONIC FOR 9-11 OFFICES
RESOLUTION
A RESOLUTION TO APPROVE AN AGREEMENT WITH BSFS EQUIPMENT
LEASING, A COMPONENT OF GENERAL ELECTRONIC CAPITAL
CORPORATION, FOR UPGRADE OF EQUIPMENT BEING USED IN THE
E-911 OFFICES.
WHEREAS, the Augusta Richmond County Commission, governing body of
Augusta, Georgia, the Lessee has determined that a true and very real.need exists for the
acquisition of the equipment and associated software licenses (collectively, "System")
described in the Master Lease/Purchase Agreement and related Equipment Schedules
thereto, as each may have been amended (collectively, "Lease") and' as described in the
contract of purchase ("Supplier Agreement") between the Lessee and Bellsouth
("Supplier"), and .
WHEREAS, the Lessee has taken the necessary steps, including any legal bidding
requirements, if applicable, to arrange for the acquisition of such system.
NOW THEREFORE BE IT RESOL VED, by the governing body of Lessee that
the terms of the Supplier Agreement and the Lease are in the best interests of Lessee for
the acquisition of such System and are approved, and the governing body of Lessee
designates and conftrms that any of the following persons' may execute and deliver the
Supplier Agreement and the Lease and any related documents necessary or expedient to
the consummation of the transactions contemplated by the Supplier Agreement and the
Lease, together with any amendments thereto, their execution to be conclusive evidence
of Lessee's approval of such amendment(s).
RESOLVED, that pursuant to section 265(b )(3)(B)(ii) of the Internal Revenue
Code of 1986, as amended ("Code"), the Lessee (if Lessee issues less than $10,000,000
in tax-exempt obligation in this calendar year) hereby speciftcally designates the Lease as
a "qualifted tax-exempt obligation" for purposes of Section 265(b)(3) of the Code
included within the $10,000,000 limitation of Section 265(b)(3)(D) of the Code.
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RESOLVED, the below referenced offtcers of the Lessee are hereby authoriz.ed to
do any and all such acts and to execute all documents and instruments as may, in their
discretion, be necessary or desirable to implement or comply with the intent of this
Resolution.
Y/Y
ADOPTED, this ~ day of
1!J7;ttt!/
,2008.
Augusta, Georgia
/~By: c2~xf- C
<{ ~ David S. Copenhaver
jJ As it) Mayor -
IN WTINESS WHEREOF, I have duly ~<J2uted this certifi~~. f Commission and
affixed the seal of the Lessee hereto, this 'J!!!!- . day of .
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