HomeMy WebLinkAbout2007-05-22; Public Financing Authority; Resolution 35Exhibit 2
1 RESOLUTION NO. 35
2 A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE CARLSBAD PUBLIC FINANCING AUTHORITY
3 APPROVING THE LEASE OF GOLF CARTS AND
4 AUTHORIZING THE LEASE-PURCHASE OF ADDITIONAL
GOLF COURSE MAINTENANCE EQUIPMENT USING THE
5 CURRENT MUNICIPAL LEASE AGREEMENT WITH
TEXTRON FINANCIAL CORPORATION.
6
7 WHEREAS, the Carlsbad Public Financing Authority, hereafter the "Authority",
8 has previously entered into a contract with Kemper Sports Management Incorporated
o for the operation and maintenance of the Carlsbad City Golf Course Project, The
10 Crossings at Carlsbad Golf Course, hereafter referred to as the "Project";
11
WHEREAS, the Authority on April 17, 2007 approved the purchase of a fleet of
12
golf carts from EzGo Incorporated;
14 WHEREAS, the Authority desires to lease the golf cart equipment via the current
15 Municipal Lease Agreement;
16 WHEREAS, Kemper Sports Management Incorporated has requested
17 $94,357.21 of additional golf course maintenance equipment which the Authority
18 desires to lease-purchase; and
19 WHEREAS, the Authority has previously entered into a Municipal Lease
20 Agreement with Textron Financial Corporation for the lease-purchase of golf course
21
maintenance equipment.
22
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
23
Carlsbad Public Financing Authority of the City of Carlsbad, California, as follows:
£*\
25 1. That the above recitations are true and correct.
26 2. That the Board authorizes the addition of the fleet of golf carts be added to
27 the Municipal Lease Agreement with Textron Financial Corporation and the Chairman of
98
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Exhibit 2
the Board of Directors of the Authority is authorized to execute said additional financing
schedules on behalf of the Authority.
3. That the Board authorizes the lease-purchase of $94,357.21 of additional
golf course maintenance equipment and the Chairman of the Board of Directors of the
Authority is authorized to execute said additional financing schedules on behalf of the
Authority.
PASSED, APPROVED AND ADOPTED at a Special Meeting of the Board of
Directors of the Carlsbad Public Financing Authority on the 22— day of May. 2007, by
the following vote:
AYES: Board Members Lewis, Kulchin, Hall, Nygaard
NOES: None
ABSENT: Board Member Packard
, Chairman of the Board
ATTEST:
LORRAINE M. WOOD, Secretai
(SEAL) X^'FINA!,'''',
/$$*»$&.— **. -JOT ^ • ™»-•
- CO', ul
'•&••.-8 • -H -
|0