CC RESOLUTION 5462RESOLUTION NO. 5462
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EL SEGUNDO (1) APPROVING A LEASE SCHEDULE AND
MASTER TAX-EXEMPT LEASE/PURCHASE AGREEMENT
BETWEEN THE CITY AND BANK OF AMERICA
NATIONAL ASSOCIATION FOR THE LEASE/PURCHASE
OF A COMBINATION JETIVACUUM TRUCK FOR THE
CITY'S WASTEWATER DIVISION, (2) AUTHORIZING THE
CITY MANAGER TO EXECUTE THE SAME, AND (3)
DETERMINING THIS RESOLUTION IS EXEMPT FROM
REVIEW UNDER THE CALIFORNIA ENVIRONMENTAL
QUALITY ACT
The Council of the City of El Segundo resolves as follows:
SECTION 1. The City Council finds as follows:
A. The City's Wastewater Division is in need of a new combination jet/vacuum truck
("Vacuum Truck").
B. Staff has researched the various options available to the City for acquiring a new
Vacuum Truck and presented those options to the Council. At its regular meeting
on January 16, 2024, the Council authorized staff to pursue a lease -purchase
agreement with Bank of America that would allow the City to finance the purchase
of the new Vacuum Truck over a five-year period.
C. The City Council has reviewed and considered the proposed Lease Schedule and
Master Tax -Exempt Lease/Purchase Agreement and wishes to authorize the City
Manager to execute and deliver the same.
SECTION 2. Action. The City Council hereby approves the Lease Schedule and Master
Tax -Exempt Lease/Purchase Agreement between the City of El Segundo and Bank of
America National Association in the form presented at the Council's regular meeting of
February 6, 2024, and authorizes the City Manager to execute and deliver the same on
behalf of the City.
SECTION 3. Effective Date: This resolution shall go into effect immediately upon
adoption.
SECTION 4. The City Manager is hereby authorized to take any actions that are
necessary and appropriate to carry out the purpose and intent of this Resolution.
SECTION 5: CEQA. Pursuant to the provisions of the California Environmental Quality
Act ("CEQA"), this Resolution is exempt from review pursuant to Section 15061(b)(3) of
the CEQA Guidelines because it can be seen with certainty that there is no possibility that
the activity in question may have a significant effect on the environment.
SECTION 6: The City Clerk will certify to the passage and adoption of this Resolution; will
enter the same in the book of original Resolutions of said City; and will make a minute of
the passage and adoption thereof in the record of proceedings of the City Council of said
City, in the minutes of the meeting at which the same is passed and adopted.
PASSED, APPROVED, AND ADOPTED this 6th day of February 2024.
D—rees ar
ATTEST:
Tracy 'eaver„ ity Clem
APPROVED AS TO FORM:
Mark D. Vensley, City Attorney
CERTIFICATION
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS
CITY OF EL SEGUNDO
I, Tracy Weaver, City Clerk of the City of El Segundo, California, do hereby certify that the
whole number of members of the City Council of said City is five; that the foregoing
Resolution No. 5462 was duly passed, approved, and adopted by said City Council at a
regular meeting held on the 6t" day of February, 2024, approved and signed by the Mayor,
and attested to by the City Clerk, by the following vote:
AYES: Mayor Boyles, Mayor Pro Tern Pimentel, Council Member Pirsztuk, Council
Member Giroux, and Council Member Baldino
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this day of February,
2024.
Trao Weaver, City Clerk
of the City of El Segundo,
California