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RESOLUTION NO 8135 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS AUTHORIZING THE EXECUTION AND DELIVERY OF AN EQUIPMENT LEASE/PURCHASE AGREEMENT, AND OTHER INSTRUMENTS, AND DETERMINING OTHER MATTERS IN CONNECTION THEREWITH WHEREAS, the laws of the State of California (the "State") authorize the city of Redlands (the "City"), a duly organized political subdivision and municipal corporation of the State, to purchase, acquire and lease personal property the benefit of the City and its inhabitants and to enter into any necessary contracts, and WHEREAS, the City wants to lease, purchase and/or finance equipment ("Equipment") from Caterpillar Financial Services Corporation and/or an authorized Caterpillar dealer ("Caterpillar") by entering into that certain Governmental Equipment Lease -Purchase Agreement (the "Agreement") with Caterpillar attached hereto as Exhibit "A," and WHEREAS, the form of the Agreement has been presented to the City Council of the City at its November 03, 2020, meeting at which this Resolution was adopted, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDLANDS AS FOLLOWS Section1. The Agreement, including all schedules and exhibits attached to the Agreement, is approved in substantially the form presented at the City Council's November 03, 2020, meeting, with any Approved Changes as defined below Section 2. The City entered into the Agreement with Caterpillar and the Agreement is adopted as a binding obligation of the City Section 3. That changes may later be made to the Agreement if the changes are approved by the City's legal counsel and the members of the City Council of the City (the "Approved Changes"), and that the signing of the Agreement and any related documents is conclusive evidence of the approval of the changes Section 4. That Chris Boatman, the City's Facilities and Community Services Director, be and is authorized, directed and empowered, on behalf of the City, to (i) sign and deliver to Caterpillar, and its successors and assigns, the Agreement and any related documents, and (ii) take or cause to be taken all actions he deems necessary or advisable to acquire the Equipment, including the signing and delivery of the Agreement and related documents. Section 5 That the City Clerk of the City is authorized to attest to this Resolution and affix the seal of the City to the Agreement, this Resolutions, and any related documents. Section 6. That nothing in this Resolution, the Agreement, or any other document imposes a pecuniary liability or charge upon the general credit of the City or against its taxing power, except to the extent that the payments payable under the Agreement are special limited obligations of the City as provided in the Agreement. 1 I:\Resolutions\Res 8100-8199\8135 D7 Dozer Waste Hauler Caterpillar Lease Program.docx