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10 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-21-18 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, CALIFORNIA, <br />AWARDING THE 5 YEAR LEASE OF 26 CANON COPY MACHINES TO CANON BUSINESS <br />SOLUTIONS, INC AND THE FINANCING OF THE LEASE TO CANON FINANCIAL <br />SERVICES, INC. <br />WHEREAS, the City of Colton is a municipal corporation duly organized and existing <br />pursuant to the Constitution and laws of the State of California ("City'); and <br />WHEREAS, the City Council of the City of Colton (the "City") has determined that it is <br />in the best interest of the City to enter into a Lease Agreement (the "Lease Agreement") <br />relating to the lease of a Canon Copiers for various departments city-wide (the "Equipment'); <br />and; <br />WHEREAS, the Lease Agreement provides generally for (1) the lease of the Equipment <br />by the City from Canon Financial Services, Inc; and (2) the payment by the City to Canon <br />Financial Services, Inc; and <br />WHEREAS, in order to lease the Equipment, it is necessary that the City enter into the <br />Lease Agreement and that certain other actions be authorized and taken; and <br />WHEREAS, the City desires to authorize the lease of the Equipment upon the terms and <br />conditions hereafter set forth. <br />NOW, THEREFORE BE IT RESOLVED AND ORDERED BY THE CITY COUNCIL OF THE CITY <br />OF COLTON, AS FOLLOWS: <br />The above recitals are true and correct. <br />2. Approval of the Lease Contract for Equipment: The Lease for the Equipment is hereby <br />approved. The City Manager is hereby authorized and directed to act on behalf of the City to <br />establish and determine the amount of the lease contract, an amount which shall not exceed <br />$2,619 per month for 60 months. <br />3.Approval of Lease Agreement: The Lease Agreement is hereby approved. The City Manager is <br />hereby authorized and directed to execute and deliver said Lease Agreement for, in the name of, <br />and on behalf of the City. <br />4.Other Acts: The Mayor, the other members of the City Council, the City Clerk, and the City <br />Manager are hereby authorized and directed, jointly and severally, to do any and all things, <br />and to execute and deliver any and all documents which may be deemed necessary or <br />advisable in order to consummate the Lease Agreement or otherwise effectuate the purpose <br />of the Resolution, and any such actions previously taken by such officers are hereby ratified <br />and confirmed <br />FIA <br />H <br />