Resolution 11339E
CITY OF ALAMEDA RESOLUTION NO. 11339
AUTHORIZING EXECUTION OF AGREEMENT WITH FIRST INTERSTATE
LEASING, INC. FOR LEASE - PURCHASE AGREEMENT
IN CONNECTION WITH PURCHASE OF CITY VEHICLES
BE IT RESOLVED by the Council of the City of Alameda
that the City Manager is hereby authorized to execute, on behalf
of the City, a lease - purchase agreement proposed by First
Interstate Leasing, Inc. for the lease - purchase of various city
vehicles at a total cost not to exceed $195,000 to be paid in
semi- annual installments over a period of five (5) years.
BE IT FURTHER RESOLVED that payments under said plan
will be made in the same manner that like claims against the
ity are paid and shall be payable from the City's Equipment
eplacement Fund.
I, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed by
the Council of the City of Alameda in regular meeting
assembled on the 3rd of November, 1987,
by the following vote to, wit:
AYES: Councilmembers Camicia, Haugner, Monsef and
Thomas - 4.
NOES: President Corica - 1.
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of said City this 4th day of
November, 1987.
CityA;lerk of the City of Alameda