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RESOLUTION NO. R 2016-56 <br /> RESOLUTION AUTH4RIZING APPROVAL OF A CAPITAL LEASE <br /> -PRESIDIO TECHNOLOGY CAPITAL- <br /> FOR CITY WIDE VOICE(PHONE SYSTEM)UPGRADE <br /> BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section l. That the 5 year Lease Proposal presented to the City Council herewith from <br /> Presidio Technology Capital to secure a 5 year capital lease for funding the City Wide Voice <br /> (Phone System)Project,be, and the same is hereby,received,placed on file and approved. <br /> Section 2. That the Purchasing Supervisor be, and is hereby, authorized and directed to <br /> issue a purchase order each year for the next 5 years on behalf of the City of Decatur in the amount <br /> not to exceed $78,403.26 for annual lease payments to Presidio Technical Capital for said City <br /> Wide Voice(Phone System)Upgrade and Services. <br /> Section 3. That the City Manager be, and is hereby, authorized and directed to sign such <br /> other documents, if any, on behalf of the City as may be required to execute this lease agreement <br /> between the City of Decatur and Presidio Technical Capital. <br /> PRESENTED AND ADOPTED this 16th day of May,2016. <br /> �t <br /> E MOORE WOLFE, YOR <br /> ATTEST: <br /> 4 <br /> � ^ ^ I <br /> l%1I <br /> DEB BRIGHT, Y CLERK <br />