File #: ID 18-3259    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/20/2018 In control: City Council
On agenda: 8/21/2018 Final action: 8/21/2018
Title: Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi authorizing and approving the form and execution of an equipment lease-purchase agreement with Trustmark National Bank ("Agreement") for the purpose of lease-purchasing certain equipment and designating the agreement as Bank-Qualified, Tax Exempt.
Attachments: 1. 8-22-18 Laurel Resolution Approving Tax-Exempt Lease Purchase Agreement w_ Trustmark for Equipment for Fire Truck_43753680_1, 2. 8-22-18 Laurel - Equipment Lease Purchase for Fire Truck (Trustmark-Special Tax Opinion)_43753669_1, 3. DOC082018-08202018155839

 

MUNICIPAL DOCKET

CITY OF LAUREL
FACT SHEET

                                                                                                                                                                                                                                                            

 

COUNCIL MEETING DATE: __8/21/18_      ITEM NO.                                          

 

ITEM TITLE:                      Policy Agenda

 

INTRODUCED BY:                     Administration

 

CONTACT PERSON/TELEPHONE:                       Mary Ann Hess, MMC

 

SUMMARY EXPLANATION: Title

Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi authorizing and approving the form and execution of an equipment lease-purchase agreement with Trustmark National Bank (“Agreement”) for the purpose of lease-purchasing certain equipment and designating the agreement as Bank-Qualified, Tax Exempt.

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EXHIBITS FOR REVIEW

 

RESOLUTION __X____   ORDINANCE ______ CONTRACT ______ MINUTES ______

 

PLAN MAPS ______ ORDER ______ OTHER (SPECIFY) Agreement, Attorney Letter

                                                                                                                                                                                                                                                            

 

SUBMITTAL AUTHORIZATION:  COUNCILPERSON _____ MAYOR ______ CAO ______

 

                                                                                                                                                                                                                                                            

 

COUNCIL ACTION: MOTION BY________________ SECONDED BY__________________

 

COUNCIL VOTE:                                                       YEAS                                NAYS                             ABSTAIN           ABSENT

JASON CAPERS, WARD 1                                          ______            _______          ________            _______

TONY WHEAT, WARD 2                      ______            _______          ________            _______

TONY THAXTON, WARD 3                                               ______            _______          ________            _______

GEORGE CARMICHAEL, WARD 4                     ______            _______          ________            _______

STACY COMEGYS, WARD 5                                          ______            _______          ________            _______

TRAVARES COMEGYS, WARD 6                     ______            _______          ________            _______

ANTHONY PAGE, WARD 7                                             ______            _______          ________            _______

 

                                                                                                                                                                                                                                                            

ACTION TAKEN: