CC RES 1981-081 RESOLUTION NO. 81-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES AUTHORIZING TIE.EXECUTION. OF A. FINANCING
AGREEMENT WITH BANK OF AMERICA TO FINANCE PURCHASE OF
TELEPHONE SYSTEM.
WHEREAS, the City of Rancho Palos Verdes desires to execute an agreement
with Bank of America for financing of the Ultracom 2260 Telephone System,
NOW THEREFORE, BE IT RESOLVED BY CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES AS FOLLOWS:
Section 1: The Mayor and City Clerk are authorized to execute the above
lease agreement between the City of Rancho Palos Verdes and the Bank of America
for financing of one Ultracom 2260 Telephone System, of an annual cost not to
exceed $6,594.94 or a total cost not to exceed $26,379.75, over a five year
period.
Section 2: All agreements heretofore approved by the City Council with
America West Telephone Incorporated will be in effect between the Bank of
America and America West Telephone Incorporated. The City of Rancho Palos
Verdes will provide Bank of America with approvals for final payments to
America West for all terms and conditions as spelled out in said contract.
PASSED, APPROVED AND ADOPTED THIS 4th day of November, 1981, by the
following roll call vote :
AYES: RYAN, HEIN, SHAW, & MAYOR-BACHARACH
NOES: NONE
ABSENT: DYDA .
el _ -I' AI: _it g _ A--_L.
MAYOR
DONALD F. GULUZZY, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
I
(td / 14 ,
TY CLERK 1
1�
JCITYJERK I'
1
I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 81-81
passed and adopted by the City Council of the City of Rancho Palos Verdes at a meeting
thereof held this 4th day of November, 1981.
?-' /