HomeMy WebLinkAbout2008-12-16; Public Financing Authority; Resolution 49Exhibit 3
1 RESOLUTION NO. 49
2 A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE CARLSBAD PUBLIC FINANCING AUTHORITY
3 APPROVING AN AMENDMENT TO THE EXISTING
4 MUNICIPAL LEASE AGREEMENT WITH TEXTRON
FINANCIAL CORPORATION FOR THE REPLACEMENT
5 AND PURCHASE OF GOLF CARTS.
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WHEREAS, the Carlsbad Public Financing Authority, hereafter the "Authority",
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has previously entered into a contract with Kemper Sports Management Incorporated8
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 has previously entered into a Municipal Lease
12 Agreement with Textron Financial Corporation for the lease-purchase a fleet of golf
13 carts from EzGo Corporation;
14 WHEREAS, Kemper Sports Management is recommending that the Authority
replace the original fleet with a newer fleet via the existing Municipal Lease Agreement;
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WHEREAS, the original golf fleet financing schedule will terminate when the
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original golf fleet is returned to EzGo Corporation;
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NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
20 Carlsbad Public Financing Authority of the City of Carlsbad, California, as follows:
21 1. That the above recitations are true and correct.
22 2. That the Board authorizes the addition of the replacement fleet of 90 golf
23 carts be added to the Municipal Lease Agreement with Textron Financial Corporation
24 and the Executive Director of the Authority is authorized to execute said additional
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financing schedules on behalf of the Authority.
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3. That the Board authorizes the lease-purchase of the carts for $356,398.80
2g to be paid over a four year period.
JO
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PASSED, APPROVED AND ADOPTED at a Special Meeting of the Carlsbad
Public Financing Authority held on the 16th day of December, 2008, by the following
vote to wit:
AYES: Board Members Lewis, Kulchin, Hall, Packard and Blackburn.
NOES: None.
ABSENT: None.
Chairman of the Board
ATTEST:
RRAffoE M. \&QOD, Secretary