HomeMy WebLinkAbout 942 Lease SnowBlower 082218ORDINANCE N0.942
AN ORDINANCE APPROVING ALEASE-PURCHASE AGREEMENT
FOR A NEW SNOW BLOWER
WHEREAS, the Town is authorized by applicable law, including but not limited to C.R.S.
§ 31-15-801 et seq., 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
a new street sweeper; 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 Snogo Model WK Snow Blower with Snow Blower Attachment to be used by the Town public
works department;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
Section 1. The Government Obligation Contract between the Town and KS StateBanlc
(the "Lease") for lease and acquisition of one Snogo Model WK Snow Blower with Snow Blower
Attachment (`Equipment"), which Lease includes an option to purchase and acquire title to the
Equipment, 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
A 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 $123,405.00, will bear interest at a rate not to exceed 6%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 Clerlc, 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. All actions heretofore taken by Town employees, officers and members of
the Town Board of Trustees, not inconsistent with the provisions of this ordinance, are hereby
ratified, approved and confirmed.
Section 7. 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 22" d day of August, 2018.
ATTEST:
0
Leah Vanarsdall, Town Clerk
TOWN OF FIRESTONE, COLORADO