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Res 2003-027
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Res 2003-027
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Last modified
11/7/2003 1:05:59 PM
Creation date
9/9/2003 4:41:13 PM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Lease
Number
2003-27
Date
2/10/2003
Volume Book
151
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DELIVERY AND ACCEPTANCE CERTIFICATE <br /> <br />TO: WELLS FARGO BROKERAGE SERVICES, LLC <br /> <br />RE: GOVERNMENTAL LEASE-PURCHASE MASTER AGREEMENT DATED <br /> FEBRUARY 28, 2003 AND SUPPLEMENT DATED FEBRUARY 28, 2003 <br /> <br />FOR: SELF CONTAINED BREATHING APPARATUS & BREATHING AIR STATION <br /> <br /> While not all of the property described in the above LEASE (the "Property") has been <br />delivered to us, we hereby request funding for the LEASE so that partial payments can be made <br />to the Property vendor(s) and Property deliveries or installations completed. We hereby accept <br />the Property pursuant to the LEASE, agree to have the LEASE commence, and acknowledge that <br />all the terms of the LEASE are in full force and effect. We understand that, Section 6(g) of the <br />LEASE notwithstanding, if the funding proceeds, $128,823.00, are not completely disbursed by <br />August 28, 2003, the LEASE may become subject to the investment and rebate (i.e., arbitrage) <br />provisions of IRS Code Section 148 and we will comply with all reporting and, if applicable, <br />rebate requirements thereto. <br /> <br />LESSEE: City of San Marcos, Texas <br /> <br />BY: ~ /~// (Title) <br /> Cit,¥ Manaqer <br /> <br /> February 28, 2003 <br />(Acceptance Date) <br />(Must be date lease funds) <br /> <br /> <br />
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