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HomeMy WebLinkAbout2007-04-03; Public Financing Authority; Resolution 31Exhibit 2 1 RESOLUTION NO. 31 2 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CARLSBAD PUBLIC FINANCING AUTHORITY 3 APPROVING A LEASE-PURCHASE AGREEMENT WITH 4 TEXTRON FINANCIAL CORPORATION FOR FINANCING THE LEASE-PURCHASE OF THE GOLF COURSE 5 MAINTENANCE EQUIPMENT TO BE PURCHASED FROM GOLF VENTURES WEST INCORPORATED. 6 7 WHEREAS, the Carlsbad Public Financing Authority, hereafter the "Authority", 8 has previously entered into a contract with Kemper Sports Management Incorporated 9 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 is purchasing golf course maintenance equipment for 12 the project and desires to lease-purchase this equipment; and 14 WHEREAS, the Authority has received three (3) proposals for the financing of 15 the lease-purchase of said equipment. 16 NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the 17 Carlsbad Public Financing Authority of the City of Carlsbad, California, as follows: 1 O 1. That the above recitations are true and correct. 19 2. That a lease-purchase agreement with Textron Financial Corporation is 20 hereby approved and the President of the Board of Directors of the Authority is 21 authorized to execute said agreement on behalf of the Authority. Following the Board 23 President's execution of said agreement, the Board Secretary is hereby directed to 24 forward said agreement to Textron Financial Corporation, attention Jessica Weis or Lisa 25 Ramsay, 11575 Great Oaks Way, Suite 210, Alpharetta, GA 30022. 26 27 28 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 28 PASSED, APPROVED AND ADOPTED at a Special Meeting of the Carlsbad Public Financing Authority held on the 3rd day of April, 2007, by the following vote: AYES: Board Members Lewis, Kulchin, Hall, Packard NOES: None ABSENT: None LEWISfCnairman of the Board ATTEST: (SEAL INE M. WOOD, Secretary