RESOLUTION NO. 7187

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, DECLARING THE CITY’S INTENT TO REIMBURSE COSTS OF ACQUIRING CERTAIN EQUIPMENT FROM PROCEEDS OF A LEASE PURCHASE AGREEMENT.

BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS

SECTION 1.  The Governing Body of the City of Lawrence, Kansas (the “City”) hereby authorizes the acquisition of the equipment listed below (collectively, the “Equipment”) at a cost of not to exceed $1,722,100

· Emergency Vehicle Traffic Signal Preemption System

· Police Mobile Data Computers

· FARO Crime Scene Scanning Technology

· Bobcat Skid Steer Replacements

· Passenger Vans

· Heavy Duty Utility Truck

SECTION 2.  The City expects to make capital expenditures on and after the date of adoption of this Resolution in connection with the acquisition of the Equipment, and the City intends to reimburse itself for such expenditures with the proceeds of a tax-exempt lease purchase agreement in the maximum principal amount of $1,722,100 plus costs of issuance.

SECTION 3.   This Resolution shall be effective from and after adoption by the Governing Body.

ADOPTED by the governing body of the City of Lawrence, Kansas on February 14, 2017.

APPROVED

_______________________________         

               Leslie Soden, Mayor

ATTEST:

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     Sherri Riedemann, City Clerk