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1991-26'*' ! ~ ~ ORDINANCE NO. 2C, Serles of 1991 AN EMERGENCY ORDINANCE APPROVING A LEASEIPURGHASE AGREEMENT WITH ALAMEDA NATIONAL BANK FOR THE ACQUISITION OF EQUIPMENT FOR THE TOWN OF VAIL, COLORADO WHEREAS, the Town Council of the Town of Vail, Colorado has determined that a true, immediate, and very real need exists for the acquisition of the equipment described in the Equlpment Lease/Purchase Agreement; and, WHEREAS, the Town Council of the Town of Vail, has taken the necessary steps under applicable law to arrange for the acquisition of such equipment under the Equipment Lease/Purchase Agreement; NOW, THEREFORE, BE !T RESOLVED, BY THE TOWN COUNCIL OF THE TOWN OF VAIL, C©LORAI70 as follows: 1. The Equipment LeaselPurchase Agreement between Alameda National Bank, as Lessor, and the Town of Vail, Colorado, as Lessee far the leaselpurchase of certain equipment is hereby approved. 2. The Town Manager and the Town Clerk of the Town of Vail are hereby authorized to sign and attest to the Equipment LeaselPurchase Agreement with Alameda National Bank for and on behalfi of the Town Council of the Town of Vail. 3. This ordinance is necessary for the preservation of the public property, health, welfare, peace, and safety of the Town of Vai! because, in order for the Town of Vail bus system to run properly and efficiently, it is essential that the four {4) passenger buses to be leased in accordance with the lease agreement must be purchased immediately and by entering into the lease agreement at this time the Town wiA obtain a very reasonable interest rate pursuant to the lease agreement. 4. If any part, section, subsection, sentence, clause or phrase of this ordinance is for any reason held to be invalid, such decision shall not affect the validity of the remaining portions of this ordinance; and the Town Council hereby declares it would have passed this ordinance, and each part, section, subsection, sentence, clause or phrase thereof, regardless of the fact that any one or more parts, sections, subsections, sentences, clauses or phrases be declared invalid. 5. The Town Council hereby finds, determines, and declares that this ordinance is necessary and proper for the health, safety, and welfare of the Town of Vail and the inhabitants thereof. 6. The repeal or the repeal and reenactment of any provision of the Municipal Code ~`. ! • • z of the Town of Vail as provided in this ordinance shall not affect any right which has accrued, any duty imposed, any violation that occurred prior to the effective date hereof, any prosecution commenced, nor any other action or proceedings as commenced under. or by virtue of the provision repealed or repealed and reenacted. The repeal of any prevision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 7. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extend only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, theretofore repealed. INTRODUCf»D, READ AND APPROVED ON FIRST READING this 2flthday of l~u~ust , 1991. Ordered pubNshed in full this 20~'day of A~ ~aast , t 99i . 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