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T <br />RECOMMENDATION• <br />Approve the use of City Hall as collateral in Lease Agreement #1, and use the Library as collateral in <br />Lease Agreement #2 (Option 1). If however, the Council wishes to obligate, only one piece of property, <br />and still wishes to purchase the equipment as specified in Lease Agreement #2, Lease Agreement #2 <br />could be secured by the Library and the application for Lease Agreement #I could be withdrawn <br />(Option 2). <br />Page 2 of 2 <br />Item No. <br />c: Wnword\011894b. agr <br />January 10;1994--djp <br />