12576i RESOLUTION NO. 12,576
2 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO ENTER INTO A LEASE TO
3 PURCHASE AGREEMENT WITH JERRY PATE TURF AND IRRIGATION AND KANSAS
4 STATE BANK OF MANHATTAN FOR GOLF COURSE MAINTENANCE EQUIPMENT; AND
5 FOR OTHER PURPOSES.
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7 WHEREAS, Little Rock Parks and Recreation Golf Courses are in need of proper turf maintenance,
8 and
9 WHEREAS, Parks and Finance staff have researched true lease, lease to purchase and outright pur-
10 chase options to address proper golf course turf maintenance, and
11 WHEREAS, it was determined that lease to purchase was the best option because equipment can
12 be updated more frequently, payments can be reduced and equity can be recouped for new replace -
13 ments, and
14 WHEREAS, a true lease option provides continuing monthly payments and no equity, and
15 WHEREAS, an out right purchase option demands more funds than are available in Golf Enter -
16 prise's yearly operations budget, and
17 WHEREAS, on May 17, 2007, a competitive selection process determined that Jerry Pate Turf and
18 Irrigation was the lowest responsible and responsive bidder out of three proposals for the needed golf
19 course maintenance equipment.
20 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE
21 ROCK, ARKANSAS:
22 Section 1. The City Manager is authorized to execute a three -year Lease to Purchase Agreement,
23 and other related documents, with Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
24 for golf course maintenance equipment in an amount not to exceed $307,159.20.
25 Section 2. This Lease to Purchase Agreement may be executed by the City Manager and the City
26 Clerk once it has received approval as to legal form by the City Attorney.
27 Section 3. Funds for this Lease to Purchase Agreement will be available from Golf Enterprise op-
28 erating budgets 609111 Rebsamen Golf Maintenance, 609121 War Memorial Golf Maintenance and
29 609141 Hindman Golf Maintenance. This Lease to Purchase Agreement will be funded through short -
30 term financing pursuant to Amendment 78 to the Arkansas Constitution and the Local Government
31 Short -Term Financing Obligations Act of 2001.
32 Section 4. Severability. In the event any title, section, paragraph, item, sentence, clause,
33 phrase, or word of this resolution is declared or adjudged to be invalid or unconstitutional, such decla-
34 ration or adjudication shall not affect the remaining portions of the resolution, which shall remain in
35 full force and effect as if the portion so declared or adjudged invalid or unconstitutional was not origi-
36 nally a part of the resolution.
[PAGE 1 OF 2]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan
I Section 5. Repealer. All resolutions and other matters in conflict with this resolution are hereby
2 repealed to the extent of any consistency.
3 ADOPTED: September 18, 2007
4 ATTEST: APPROVED:
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Nancy ood, City erk
APPROVED AS TO LEGAL FORM:
ez�;741�4�� At-
Thomas M. Carpenter, City Attorney
I/I
Mark Stodola, Mayor
[PAGE 2 OF 2]
Resolution
Lease to Purchase Agreement Award for Golf Course Maintenance Equipment to
Jerry Pate Turf and Irrigation and Kansas State Bank of Manhattan