HomeMy WebLinkAboutResolution 88-020 Lease with Gelco Municipal Services Company not to exceed $3900 with option to purchase agreementRESOLUTION NO. 88-20
A RESOLUTION TO ENTER INTO A LEASE WITH OPTION
TO PURCHASE AGREEMENT
BE IT RESOLVED by the governing body of the Town of Mararia (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, not to exceed $3,900.00
annually, 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 interest 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 5th day of July, 1988.
ATTEST:
TOWN CLE.I!K