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ORDINANCE NO. 3 6 ,
AN ORDINANCE AUTHORIZING THE ACQUISITION OF PERSONAL PROPERTY
KNOWN AS THE POLICE DEPARTMENT PATROL VEHICLE DIGITAL VIDEO
EQUIPMENT AND EXECUTION OF A FINANCING CONTRACT AND RELATED
DOCUMENTATION RELATING TO THE ACQUISITION OF SAID PERSONAL
PROPERTY.
WHEREAS,the City of Pasco, Washington,has executed a Notice of Intent(NOI)to the
Office of State Treasurer,in the form attached hereto as Annex 1, in relation to the acquisition of
and the financing of the acquisition of the Property, as defined below, under the provisions of
RCW ch 39.94; and
WHEREAS, it is deemed necessary and advisable by the City Council of the City of
Pasco that the City of Pasco acquire the equipment and/or personal property identified on Annex
1 attached hereto(Property); and
WHEREAS, it is deemed necessary and advisable by the City Council of the City of
Pasco that the City of Pasco enter into a Local Agency Financing Contract with the Office of the
State Treasurer, in the form attached hereto as Annex 2 (the "Local Agency Financing
Contract"), in an amount not to exceed $161,640, in order to acquire the Property, and finance
the acquisition of the Property and related financing costs;and
WHEREAS,the City of Pasco will undertake to acquire the Property on behalf of and as
agent of the Washington Finance Officer's Association(the "Corporation")pursuant to the terms
of the Local Agency Financing Contract, and in accordance with all applicable purchasing
statutes and regulations applicable to the City of Pasco; and
WHEREAS,the City of Pasco desires to appoint the individuals set forth in Annex 3 as
the representatives of the City of Pasco in connection with the acquisition of the Property and
execution of the Local Agency Financing Contract (each as an "Authorized Agency
Representative");
NOW,THEREFORE, BE IT ORDAINED, by the City Council of the City of Pasco as
follows:
SECTION 1: The individuals holding the offices or positions set forth in Annex 3 are
each hereby appointed as a representative of the City of Pasco in connection with the acquisition
of the Property and execution of the Local Agency Financing Contract and all other related
documents. A minimum of 2 Authorized Agency Representatives shall be required to execute
any one document in order for it to be considered duly executed on behalf of the City of Pasco.
SECTION 2: The form of the Local Agency Financing Contract attached hereto as
Annex 2 is hereby approved and the Authorized Agency Representatives are hereby authorized
and directed to execute and deliver the Local Agency Financing Contract, in an amount not to
exceed $161,640 and in substantially the form attached hereto with such changes as may be
approved by the Authorized Representatives, for the acquisition of the Property and financing of
the acquisition of the Property and related financing costs.
SECTION 3: The City of Pasco hereby authorizes the acquisition of the Property as
agent of the Corporation in accordance with the terms and provisions of the Local Agency
Financing Contract.
SECTION 4: The Authorized Agency Representatives are hereby authorized to execute
and deliver to the Office of the State Treasurer all other documents, agreements and certificates,
and to take all other action, which they deem necessary or appropriate in connection with the
financing of the Property, including, but not limited to, any amendment to the NOI, any tax
certificate and any agreements relating to initial and ongoing disclosure in connection with the
offering of securities related to the financing.
SECTION 5: This ordinance shall become effective immediately upon its passage.
PASSED by the City Council of the City of Pasco, Washington, at a regular meeting
thereof held this 7th day of September, 2004.
Michael L. Garrison
Mayor
ATTEST: APPR TO FORM:
i
Sandy L. nworthy Leland B. Kerr
Deputy City Clerk City Attorney