R-0951-96 RESOLUTION NO. 951-96
A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL
AUTHORIZING THE VILLAGE MANAGER TO EXECUTE LEASE
AGREEMENT AND RELATED DOCUMENTS WITH RIVERSIDE
NATIONAL BANK OF FLORIDA.
WHEREAS, in accordance with the determination made during the Regularly Scheduled
Council Meeting of June 18, 1996, in connection with the financing for the purchase of police
vehicles and a chipper truck,
BE IT RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL THAT:
The Village Manager is hereby authorized to execute lease agreement and related documents
required in order to obtain the amount of$124,500 at a fixed interest rate of 5.36%for a two (2)
year period, for the police vehicles, and the amount of$42,000 at a fixed interest rate of 5.59%
for a five (5)year period, for the chipper truck from Riverside National Bank of Florida.
PASSED AND ADOPTED this 16th DAY OF ,1i1 V , 1996.
ILuis S. Imbur ' Jr., Mayor
ATTEST:
Barbara A. Fugazzi,Villagelfflerk
APPROVED AS TO FORM:
1�)?&—
Mark
S. Ulmer,Village Attorney