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ORDINANCE NO. ~~_
Series of 1986)
AN ORDINANCE APPROVING THE TERMS AND CONDITIONS OF AN EQUIPMENT
LEASE/PURCHASE AGREEMENT BETWEEN THE CITY OF ASPEN, COLORADO, AND
COLORADO NATIONAL LEASING, INC., SETTING FORTH TERMS AND
CONDITIONS FOR THE LEASE OF POLICE RADIOS AND A COMPUTERIZED
THEATRIX LIGHTING SYSTEM, WHICH LEASE IS FOR A TERM OF FIVE(5)
YEARS AND PROVIDES FOR AN ANNUAL LEASE PAYMENT OF $25,448 AND
DIRECTING THE MAYOR TO EXECUTE SAID AGREEMENT ON BEHALF OF THE
CITY
WHEREAS, the City Council is required, by reason of Section
10.8 of the City charter to approve long term installment
purchase contracts and rental and leasehold
agreements by
ordinance; and
WHEREAS, there has been presented to the City Council a
lease/purchase agreement between the City and Colorado National
Leasing, Inc., with regard to police radios and a computerized
theatrix lighting system, which agreement is appended hereto and
incorporated
herein by reference, providing for a term of 5
years and annual lease payments of $25,448; and
WHEREAS, the City
Council
desires
to
approve said
lease/purchase agreement and direct the Mayor to execute the same
on behalf of the City.
NOW,THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ASPEN, COLORADO:
Section 1
The City Council does hereby approve that lease/purchase
agreement between the City of Aspen and Colorado National
Leasing, Inc. with regard to the lease/purchase of police radios
and a computerized theatrix lighting system, attached hereto and
incorporated herein by this reference, and does hereby direct the
Mayor to execute such agreement on behalf of the City.
Section 2
If any section,
subsection,
sentence,
clause,
phrase or
portion of this ordinance is
for any reason held invalid or
unconstitutional
in a court of competent jurisdiction, such
portion shall be deemed a separate, distinct and independent
provision and shall not affect the validity of the remaining
portions thereof.
Section 3
Nothing in this ordinance shall be construed to affect any
right, duty or liability under any ordinances in effect prior to
the effective date of this ordinance,
and the same shall be
continued and concluded under such prior ordinance.
Section 4
A public hearing on the ordinance shall be held on the lOth
day of November, 1986 at the Aspen City Hall, 130 South Galena
street, Aspen, Colorado.
INTRODUCED, READ AND ORDERED published as provided by law of
the City Council of the City of Aspen on the 27th day of October,
1986.
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,
William L. Stirling, Mayor
ATTEST:
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Kathryn ~ Koch, City Clerk
yIJ
FINALLY adopted, passed and approved this I~ day of
~ , 1986.
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~illiam L. Stirli:g, Mayor
ATTEST:
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Kathryn I KOC; City Clerk