HomeMy WebLinkAbout 928 2 Admin Vehicles - 4 PD VehiclesORDINANCE N0.928
AN ORDINANCE APPROVING ALEASE-PURCHASE AGREEMENT FOR TWO NEW
ADMINISTRATIVE VEHICLES AND FOUR NEW POLICE VEHICLES
WHEREAS, the Town is authorized by applicable law, including but not limited to
C.R.S. § 3145401 et semc ., to acquire equipment and to enter into leases for the same, which
leases may include an option to purchase and acquire title to the leased property; and
WHEREAS, the Board of Trustees deems it necessary and desirable for the efficient and
proper functioning of the Town and for the health and safety of the Town's inhabitants to acquire
four new police vehicles and two administrative vehicles, and
WHEREAS, the Board of Trustees has determined it is in the best interest of the Town
and its inhabitants to enter into the lease contemplated herein for the lease with option to
purchase of one 2018 Ford Escape and one 2018 Ford Transit to be used by Town administrative
departments, and four 2018 Ford Police Interceptor Utility vehicles to be used by the Firestone
Police Department;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO,
Section 1. The Master Equipment Lease -Purchase Agreement between the Town and
Ford Motor Credit Company LLC (the "Lease") for lease and acquisition of one 2018 Ford
Escape, one 2018 Ford Transit and four 2018 Ford Police Interceptor Utility vehicles, which
Lease includes an option to purchase and acquire title to the vehicles, is hereby approved in
essentially the same form as the copy of such Lease accompanying this ordinance.
Section 2. The Mayor and Town Clerk are. authorized to execute the Lease on behalf
of the Town, except that the Mayor is further hereby granted the authority to negotiate and
approve such revisions to said Lease as determined necessary or desirable for the protection of
the Town, so long as the essential terms and conditions of the Lease are not altered. The Lease
shall be in a principal amount not to exceed $177,500.00, will bear interest at a rate not to exceed
5.70% per annum and the aggregate of the initial term and all renewal terms shall not exceed
four years. The Lease shall contain an option to purchase by the Town as therein set forth.
Section 3. The. Mayor and Town Clerk are authorized to execute the Lease on behalf
of the Town. The Mayor, Town Clerk, Town Attorney, .and Town staff are further authorized to
execute such other documents as are necessary to implement the Lease, and Town staff is
authorized and directed to make payments under the Lease for which funds are legally available.
Section 4. All financial obligations of the Town under the Lease shall be subject to
annual budgeting and appropriation, and nothing herein shall be deemed to authorize, or
construed to authorize, any multiple -fiscal year direct or indirect obligation whatsoever.
Section 5. If any article, section, paragraph, sentence, clause, or phrase of this
ordinance is held to be unconstitutional or invalid for any reason, such decision shall not affect
the validity or constitutionality of the remaining portions of this ordinance. The Board of
Trustees hereby declares it would have passed this ordinance and each part or parts hereof
irrespective of the fact that any one part or parts be declared unconstitutional or invalid.
Section 6. Ordinance No. 924 and all other ordinances or portions thereof
inconsistent or conflicting with this ordinance or any portion hereof are hereby repealed to the
extent of such inconsistency or conflict.
INTRODUCED, READ, ADOPTED, APPROVED, AND ORDERED PUBLISHED IN
FULL this Iq day of bk , 2018.
TOWN OF FIRESTONE, COLORADO
Paul Sorensen,
ATTEST:
Leah Vanarsdall, Town .Clerk