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HomeMy WebLinkAbout38-16 - Res. Authorizing Acquisition of Personal Property of EquipmentResolution No. 38 Authorization for the acquisition of personal property and execution of a financing contract and related documentation relating to the acquisition of Equipment WHEREAS, Mason County (the "Local Agency") has executed a Notice of Intent to the Office of State Treasurer, in the form attached hereto as Annex 1 (the "NOI"), 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 Commission of the Local Agency that the Local Agency acquire the equipment and/ or personal property identified on Annex 1 attached hereto ("Property"); and WHEREAS, it is deemed necessary and advisable by the Commission of the Local Agency that the Local Agency 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 $350,000.00 plus related financing costs in order to acquire the Property and finance the acquisition of the Property; WHEREAS, the Local Agency will undertake to acquire and/or improve the Property on behalf of and as agent of the Washington Finance Officers 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 Local Agency; and WHEREAS, the Local Agency desires to appoint the individuals set forth in Annex, 3 as the representatives of the Local Agency in connection with the acquisition of the Property and execution of the Local Agency Financing Contract (each an "Authorized Agency Representative"); NOW, THEREFORE, BE IT RESOLVED, by the Commissioners of Mason County 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 Local Agency in connection with the acquisition of the Property and execution of the Local Agency Financing Contract and all other related documents. A minimum of two Authorized Agency Representatives shall be required to execute any one document in order for it to be considered duly executed on behalf of the Local Agency. Section 2. The form of the Local Agency Financing Lease 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 $350,000 plus related financing costs, 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. Section 3. The Local Agency 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 Representatives are hereby authorized to execute and deliver to the Office of 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 resolution shall become effective immediately upon its adoption. Resolution No. ;E. ite ADOPTED by the Mason County Commissioners at a regular meeting thereof held this I2th day of July, 2016. ATTEST: Juli Almanzor, Clerk of the Boar APPROVED AS TO FORM: Tim Whitehea• , Chief DPA BOARD OF COUNTY COMMISSIONERS MASON COUNTY, WASHINGTON Colsosir Tim Sheldon, Commissioner Randy Neatherlin, Commissioner Certificate of Authorizing Resolution I, the undersigned, Clerk of the Board for the Board of Mason County Commissioners (the "Local Agency"), DO HEREBY CERTIFY: 1. That the attached Resolution No.�t'' t ;(herein called the "Resolution") is a true and correct copy of a Resolution of the Local Agency adopted/passed at a regular meeting of the Board of Commissioners held on the 12th day of July, 2016, and duly recorded in my office; 2. That said meeting was duly convened and held in all respects in accordance with law; and to the extent required by law, due and proper notice of such meeting was given; that a quorum of the Commission was present throughout the meeting and a legally sufficient number of members of the Commission voted in the proper manner for the adoption of the Resolution; 3. That all other requirements and proceedings incident to the proper adoption/passage of the Resolution have been duly fulfilled, carried out and otherwise observed; 4. That the Resolution remains in full force and effect and has not been amended, repealed or superseded; and 5. That I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand as of this 12th day of July, 2016. [SEAL] (cm Julie Almanzor, Clerk of the Board