File #: ID 19-4065    Version: 1 Name:
Type: Resolution Status: Passed
File created: 12/13/2019 In control: City Council
On agenda: 12/17/2019 Final action: 12/17/2019
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. 12.17.19 Resolution Approving Form of Equipment Lease Purchase Agreement with Trustmark re_knuckleboom and garbage truckButlerSnow_50514417v1 (002), 2. 12-18-19 Laurel Lease Purchase Agreement with Trustmark re_ garbage truck and knuckleboom[ButlerSnow_50535979v1], 3. 12-18-19 City Atty Opinion re_ Trustmark Lease Purchase Agreement for Knuckleboom and Garbage TruckButlerSnow_50514582v1, 4. 12-18-19 Laurel - Equipment Lease Purchase for Knuckleboom and Garbage Truck (Trustmark Special Tax Opinion)ButlerSnow_50515633v1

 

MUNICIPAL DOCKET

CITY OF LAUREL
FACT SHEET

                                                                                                                                                                                                                                                            

 

COUNCIL MEETING DATE: _12/17/19_                         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 ______   ORDINANCE ______ CONTRACT ______ MINUTES ______

 

PLAN MAPS ______ ORDER ______ OTHER (SPECIFY)

                                                                                                                                                                                                                                                            

 

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: