RESOLUTION NO. 7149

A RESOLUTION OF THE CITY OF LAWRENCE, KANSAS, DECLARING THE CITY’S INTENT TO REIMBURSE CERTAIN COSTS OF ACQUIRING AN ADDITIONAL DUMP TRUCK FOR THE STORM WATER DIVISION, 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 a sign truck to serve the Traffic Division, at a cost of not to exceed $79,412.00.

SECTION 2.  The City expects to make capital expenditures on and after the date of adoption of this Resolution in connection with acquisition of the sign truck and the City intends to reimburse itself for such expenditures with the proceeds of a lease purchase agreement in the maximum principal amount of $79,412.00 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 January ___, 2016.

APPROVED

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Mike Amyx, Mayor

ATTEST:

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Brandon McGuire, Acting City Clerk