Knowledgebase-Resolution Accepting a Bid for Mowing Equipment and Authorizing the Execution of a Lease Agreement


Information Product

Title:Resolution Accepting a Bid for Mowing Equipment and Authorizing the Execution of a Lease Agreement
Summary:A resolution of the City of Pigeon Forge accepting a bid for mowing equipment and authorizing the execution of a lease agreement.
Original Author:Hardy, Pat
Co-Author:Cook, Gail
Product Create Date:08/05/2010
Last Reviewed on::08/19/2010
Subject:Purchasing--Lease agreements; Purchasing--Bids proposals and specifications--Municipal resolutions
Type:Resolution
Original Document: Pigeon Forge Lease Resolution 2.pdf

Reference Documents:

Text of Document: RESOLUTION NO. ____________
A RESOLUTION OF THE CITY OF PIGEON FORGE, TENNESSEE ACCEPTING A BID FOR MOWING EQUIPMENT AND AUTHORIZING THE EXECUTION OF A LEASE AGREEMENT.

WHEREAS, the governing body of the City of Pigeon Forge, Tennessee desires to obtain ___________________________ (“equipment”); and
WHEREAS, the equipment is essential for the City to perform is governmental functions; and

WHEREAS, in accordance with Tennessee Code Annotated 7-51-904, the City desires to lease such equipment, and funds made available under such lease will be applied to the acquisition of such equipment; and

WHEREAS, the City has taken the necessary steps, including those relating to legal bidding requirements, to arrange for the acquisition of the equipment and related lease; and

NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND BOARD OF COMMISSIONERS OF THE CITY OF PIGEON FORGE, TENNESSEE AS FOLLOWS:

Section 1. The City of Pigeon Forge accepts the bid of __________________________ (name of firm) in the amount of ___________ (amount) covering a period of five years for the above described equipment.

Section 2. It is hereby found and determined that the terms of the Lease in the form presented to this meeting and incorporated in this resolution are in the best interests of the City of Pigeon Forge for the acquisition of the equipment.

Section 3. The Lease and the acquisition and financing of the equipment under the terms and conditions as described in the Lease are hereby approved. The City Manager of Pigeon Forge is authorized to execute, acknowledge and deliver the Lease.


Signed:

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Mayor/Date

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City Recorder/Date