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R2016-89 AUTHORIZING FUNDING SOURCE ASSIGNMENT
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R2016-89 AUTHORIZING FUNDING SOURCE ASSIGNMENT
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Last modified
7/8/2016 9:28:07 AM
Creation date
7/8/2016 9:28:05 AM
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Resolution/Ordinance
Res Ord Num
R2016-89
Res Ord Title
AUTHORIZING FUNDING SOURCE ASSIGNMENT TO - DE LAGE LANEN PUBLIC FINANCE LLC - FOR CITY WIDE VOICE (PHONE SYSTEM) UPGRADE
Approved Date
7/5/2016
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De Lage Landen Public Finance LLC Equipment Lease Purchase Agreement <br /> 1111 Old Eagle School Road DATED: MAY 18TH _ 20 16 <br /> Wayne,PA 19087 <br /> FuN Legal Name Phone Number <br /> CITY OF DECATUR,ILLINOIS n 2 <br /> DBA Name(it arry) <br /> 8ilfi�Aud�ess City Stale Zip <br /> 1 GARY K ANDERSON PLAZA DECATUR IL 62523 <br /> Ouanliry Model Na. $erini Nun�x Descrlylbn(lUlzch S:{�ara�S�e�tule 11 Necessxiy! <br /> � SEE PRESIDIO QUOTE#030145 Version 6 6/6/2016 PREPARED FOR <br /> CITY OF DECATUR CONSISTING OF 6 PAGES FOR EQUIPMENT <br /> DESCRIPTION <br /> � Epuiprt�ent La�lion(il not san�e az ahova) City Sta�e tip <br /> Venda Name Penlal Paymer�Perials. <br /> PRESIDIO NETWORK SOLUTIONS INC <br /> � ��re� ❑MonfhlY Rmlal Pay�neMs;h�il be made in aceordar�e wilh Seciion A.Ut and I�e <br /> 10 6TH RD o ouuierry ��ule cl fleMal Paym=n�s atteched herelo az Exhibit A. <br /> Ciry Slate Zip ❑�iennualty <br /> WOBURN MA 01801 D�Anoua�H <br /> TERMS&CONDITIONS <br /> T}IE TERMS AND CONDITIONS OF THIS AGREEMEN7 SET FORTH ON THE FOLLOWING PAGES,INCLUDING ANY EXHIBITS ATfACHE�HEREfO,SHALI FOR ALL PURPOSES HAVE THE SAME EFFECT <br /> AS IF SET fORTH HERE.IN WITNESS OF,lessor and Lessee have caused this Agreement to be executed in their name by their duly authorized representatives as of the date written above. <br /> t.�ror tassee <br /> DE LAGE LANDEN PUBLIC FINANCE LLC CITY OF DEC TUR IS <br /> ���e Sig�wture � <br /> rn� m�e <br /> �i.ty,:Manager <br /> leaseN�xnber (Seal) '_ <br /> Attesl � <br /> i. <br /> Title <br /> (Terms and Conditions continued on the raverse side of ihis Agreement.) <br /> CERTIRCATE OF CIERK OR SECRETARY Of LESSEE <br /> I,the undersigned.do hereby certify that the officer of Lessee who execute the foregoing Agreement on behaN of Lessee and whose genuine signature appears tf�ereon,is the duly qualified and acting <br /> officer of Lessee stated beneath his or her signature and has been authorized to execute the foregoing Agreement on behalf of Lessee. <br /> SIGW+TURE � rR��i r� C 1 e r k DATE���G��O_� <br /> As legal counsel ot lessee,I have examined(a)the Agreement,which,among other things provides for the sale to and purchase by the Lessee of the Equipment,(b)an executed counterpart of the <br /> ordinance or resolution ot Lessee whrc,h,among other things,authwizes Lessee to execute the Agreement and(c)such other opinions,dceumenis and matters oi law as I have deemed necessary <br /> in connec6on with the following opinions.Based on fhe foregoing,I am oi tlie folbwing apfnions: (1)Lessee is a pubtic body corporate and politic,duty organized and existing under the laws of <br /> ihe State,and has a substantial amouM of one or more of the foAowing wvereign powers:(a)the power to tax,(6)the power of eminent domain,and(c)po�ce power:(2)Lessee has the requisite <br /> power and authoriry to pu�chase the Equipment and to e�cate and deliver the Agreement and ro perfortn its obligations under the Agreement�3)the Agreement and the other documents eitlier <br /> atlached thereto or required therein have been duly authorized,approved and executed by and on behalf ot Lessee,and the Agreement is a valid and binding oblipation of Lessee eniorceable in accor- <br /> dance with its terms,except to the extent limiled by applicable banlwptcy,insolvency,reorganaation or other laws affecUng Creditor's rights geneialy;(4)the authorizatlon,approval and execution <br /> of the Agreement and a{I other proceedings of Lessee relatinp to the transactions contemplated thereby have been performed in accordance with all open meeung laws,public bidding laws and all <br /> other appficahle state and federal laws;and(5)there is no proceeding pending or threater�ed in arry court or 6eTore arry govemmental authority or arhihation 6oard or tribunal thffi,'rf adversely deter- <br /> mined,would adversety affect the transacGons contemplated by fhe Agreement ar the securiry interest of Lessor or its assigns,as the case may be,in the Equipmant All capitalized terms herein <br /> shaH have the same meanings as in th ement.Les or,its successors and assigns,and any cou�el rendering an opinion on the tax-exempt status ot the interest components oi Re�tal Payme�Lc <br /> — are entitled W ly on thi�opinion. <br /> _ SignaWre Oat>, n •� <br /> , O< <br /> Name Phone NumCer <br /> Wend M rthland 21 2 <br /> aaar� cty s�aie z�u <br /> Pape 1 ot 4 <br />
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