HomeMy WebLinkAbout80-37 - Resolutions RESOLUTION NO. 80-37
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, PROVIDING FOR A
LEASE AGREEMENT BETWEEN THE CITY OF RANCHO CUCAMONGA
AND UNITED CALIFORNIA BANK
WHEREAS, lease purchasing of large amounts of capital equipment
represents prudent financing with regard to cash flow.
THEREFORE, be it resolved that the City of Rancho Cucamonga does
hereby authorize the City Clerk and or Finance Director to sign the
necessary contracts with United California Bank to enter into a Lease
Purchase Agreement for the purchase of Public Works vehicles in the
amount of $265,000.
PASSED, APPROVED, AND ADOPTED THIS 7th day of May, 1980
AYES Frost, Mikels, Palombo, Bridge, Schlosser
NOES: None
ABSENT: None
Sch'16sser, Mayor
ATTEST:
~a~r~nn"~S W~sserman, city c1 efE~