HomeMy WebLinkAboutOrdinance-1986-0660INTRODUCED BY COUNCILMEMBER KELLER
0_ LUI ANCE NO. 660
Series of 1986
TITLE: AN ORDINANCE APPROVING A LEASE PURCHASE AGREEMENT BETWEEN
THE CITY OF WHEAT RIDGE AND BORG-WARNER LEASING, A
DIVISION OF BORG-WARNER ACCEPTANCE CORPORATION, FOR THE
FIVE YEAR LEASE PURCHASE OF A PEABODY MYERS VACTOR MODEL
810/800 COMBINATION JET RODDER/VACUUM UNIT
WHEREAS, Section 12.9 of the Home Rule Charter of the City
of Wheat Ridge request that any lease/purchase of equipment by
the City of Wheat Ridge be approved by Ordinance adopted by the
City Council of the City of Wheat Ridge;
WHEREAS, the City Council of the City of Wheat Ridge has
previously budgeted for, and approved the acquisition of, a
Peabody Myers Vactor Model 810/800 Combination Jet Rodder/Vacuum
Unit for a total cost of $117,078.00;
WHEREAS, the City may lease said equipment, with an option
to purchase the same, over a five year period in equal monthly
installments of $2,398.93;
WHEREAS, the City wishes to approve the lease purchase
agreement described herein and, subject to the terms of said
lease purchase agreement, authorize the monthly payments
described above;
NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF WHEAT RIDGE, COLORADO AS FOLLOWS:
Section 1. The Lease Purchase Agreement between the City of
Wheat Ridge and Borg-Warner Leasing, a division of Borg-Warner
Acceptance Corporation, a copy of which is attached hereto as
Exhibit A and expressly incorporated herein, is hereby ratified
and adopted by this Ordinance, subject to the terms hereof. The
Mayor and City Clerk are hereby authorized to execute said Lease
Purchase Agreement, following its approval as to form by the City
Attorney.
Section 2. Severability. If any clause, sentence,
paragraph, or part of this ordinance or the application thereof
to any person or circumstances shall for any reason be adjudged
by a court of competent jurisdiction invalid, such judgment shall
not affect application to other persons or circumstances.
Section 3. Safety Clause. The City Council hereby finds,
determines, and declares that this ordinance is promulgated under
the general police power of the Citv of Wheat Ridge, that it is
promulgated for the health, safety, and welfare of the public,
and that this ordinance is necessary for the preservation of
health and safety and for the protection of public convenience
and welfare. The City Council further determines that the
ordinance bears a rational relation to the proper legislative
object sought to be attained.
Section 4. This ordinance shall take effect one (1) day
after final publication.
INTRODUCED, READ, AND ADOPTED on first
7 to 1 on this 24th day of March
ordered published in full in a newspaper of
in the City of Wheat Ridge and Public Heari
on final passage set for April 14
7:30 o'clock p.m., in the Council Chambers,
Avenue, Wheat Ridge, Colorado
reading by a vote of
, 1986,
general circulation
ng and consideration
1986, at
7500 West 29th
READ, ADOPTED, AND ORDERED PUBLISHED on second and final
reading by a vote of 7 to o this 14th day of April
1986.
SIGNED by the Mayor on this 15th day of April F
1986.
a SL
Frank Stites, Mayor
ATTEST:
1r
Wanda Sang, City C rk
1st Publication: 3/27/1986
2nd Publication: 4/17/1986
Wheat Ridge Sentinel:
Effective Date: 4/18/1986
APPROVED AS TO FORM BY
OFFICE F Y 'A TO EY:
T
Joh E. Hayes
2