2013/06/11 City Council Resolution 2013-091RESOLUTION NO. 2013 -091
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AUTHORIZING AND APPROVING A FINANCING AGREEMENT WITH EXCHANGE
BANK FOR A FIVE -YEAR TERM FOR THE PURCHASE OF EXERCISE
EQUIPMENT FOR THE CALLINAN SPORTS AND FITNESS CENTER
WHEREAS, on March 26, 2013, the City Council adopted Resolution No. 2013 -051
authorizing and approving the purchase of exercise equipment from Technogym, USA at the
Cal Iinan Sports and Fitness Center and authorizing the City Manager to negotiate and enter into a
purchase agreement and financing agreement for the equipment; and
WHEREAS, staff proceeded to negotiate with Technogym, USA for the purchase and the
financing agreements for the exercise equipment; and
WHEREAS, negotiations with Technogym, USA for the financing component was
unsuccessful; however, as an alternative, staff was able to arrange for a new financing option
with Exchange Bank; and
WHEREAS, it is the desire of the City to authorize a financing agreement with Exchange
Bank to amortize the costs of the purchase price over a five -year period and provide repair and
maintenance services for the life of the agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert Park
that it does hereby authorize and approve a financing agreement with Exchange Bank.
BE IT FURTHER RESOLVED that the City Manager is hereby authorized and directed to
enter into a lease agreement with Exchange Bank and finalize the terms of said agreement, to
finance the exercise equipment purchase for a period of 60 months with specific monthly
payments that when finalized, would be established within the range of $2,600 - $2900. The
agreement shall be subject to review and modification by the City Attorney. The City Manager is
further authorized to execute documents pertaining to the cardio exercise equipment financing
agreement for and on behalf of the City of Rohnert Park.
DULY AND REGULARLY ADOPTED this l I 1 day of June, 2013.
(� City Clerk
CITY OF ROHNERT PARK
Mayor
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