HomeMy WebLinkAboutResolution 88-019 Lease with Gelco Municipal Services with option to purchase agreement RESOLUTION NO. 88-19
A RESOLUTION TO ENTER INTO A LEASE WITH OPTION
TO PURCHASE AGREEMENT
BE IT RESOLVED by the governing body of the Town of
Marana (the Issuer), as follows:
Section 1. Recitals and Authorization. The Mayor is
hereby empowered to sign on behalf of the Town and enter into a
lease with option to purchase agreement dated as of May 25, 1988
(the lease) with Gelco Municipal Services Company, a division of
Gelco Corporation, as Lessor. It is hereby determined that it is
necessary and desirable and in the best interests of the Issuer
to enter into the lease for the purposes therein specified, and
the execution and delivery of the lease by the Issuer is hereby
approved.
PASSED AND ADOPTED by the Town Council of the Town of
Marana, Arizona this 14th day of June,
ATTEST:
TOWN CLERK
APPROVED AS TO FORM:
REVIEWED BY:
1988.
:4AYOR