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' BOARD OF SUPERVISORS
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' COUNTY OF BUTTE. STATE OF CALIFORNIA
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ftesolufion No.
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RESOLUTION OF THE BOARD OF SUPERVISORS OF THE COUNTY OF BUTTE
AUTHORIZING EXECUTION OF VEHICLE LEASE AND OPTION AGREEMENT
WHEREAS, this matter came on hearing before the Board of
Supervisors of the County of Butte, State of California, at its
regular meeting on April 4, 1989, in the Board Chambers, Butte
County Administration Building, Oroville, California; and
WHEREAS, the Board of Supervisors has determined that a true
and very real need exists for the acquisition of the vehicles
described in the Municipal Lease and Option Agreement presented
at this meeting and for the County of Butte to enter into said
Agreement as Lessee; and
WHEREAS, the Baard of Supervisors has taken the necessary
steps, including and legal bidding requirements, under applicable
law to arrange for the acquisition of such vehicles.
NOW, THEREFORE, BE IT RESOLVED, by the Board of Supervisors
of the County of Butte that the terms of said Municipal Lease and
Option Agreement are in the best interest of County of Butte for
the acquisition of such vehicles, and the said Board designates
and confirms the following persons to execute and deliver, and to
witness (or attest), respectively, the Security Pacific Merchant
Bank Municipal Lease and Option Agreement and any related
documents necessary to the consummation of the transactions
contemplated by the Municipal Lease and Option Agreement:
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William Ra dolph
Chief Administrative Officer
(Name and Title of Person to Execute
Municipal Lease & Option Agreement)
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Dick ~uelicher
County Treasurer Tax Collector
(Name and Title of Person to
Execute Related Documents)
William Randolph
Chief Administrative Officer
(Name of Party to Attest or Witness
Municipal Lease & Option Agreement}
BE IT FURTHER RESOLVED, that this Board hereby represents
that the reasonably anticipated amount of qualified tax-exempt
obligations which have been and will be issued by the County of
Butte does not exceed $10,000,000 for the calendar year within
which this Municipal Lease and Option Agreement is entered into
and hereby designates that this Municipal Lease and Option
Agreement is to be a "qualified tax-exempt obligation" pursuant
to Section 265(b}(3) of the Internal Revenue Code.
PASSED AND ADOPTED by the Butte County Board of Supervisors
this 4th day of April, 1989, by the following vote:
AYES: Supervisors Dolan, McInturf, McLaughlin, Vercruse and
Chairman Fulton
NOES: None
ABSENT : None
NOT VOTING: None
LE ULTON, Chair of the
Butte County Board of Supervisors
ATTEST:
WILLIAM RANDOLPH,
Chief Administr tive Officer
and erk of t Board
By
The undersigned further certifies that the above resolution
has not been repealed or amended and remains in full force and
effect and further certifies that the attached Municipal Lease
and Option Agreement is the same as presented at said meeting of
the Board of Supervisors of the County of Butte.
Dated: April Z, 1989
WILLIAM RANDOLPH
Chief Administrative Officer and
Clerk of the Board