Agenda Item # 7

Columbus Consolidated Government
Council Meeting

11/13/2018

Agenda Report # 53


TO: Mayor and Council

SUBJECT: Master Lease Agreement for Court Management System

INITIATED BY: Finance Department


Recommendation: Approval is requested to authorize and direct the execution of certain lease and/or financing documents pertinent to a lease between BciCapital, Inc. (“Lessor”) and Columbus, Georgia Consolidated Government (“Lessee”) in relation to the Court Management System Upgrade.

Background: Per Resolution# 344-18, Council approved the upgrade of the City’s outdated and obsolete Court Management System.

Analysis: A master lease agreement is required by the lessor BciCapital in order to complete the financing process.

Financial Considerations: Execution of the master lease agreements allow the City to finance the cost of the Court Management System Upgrade over a 5 year period.

Projected Annual Fiscal Impact Statement: Annual debt service payments will be made as scheduled.

Legal Considerations: Council must approve the execution of any lease agreements.

Recommendations/Actions: Approval is requested to authorize and direct the execution of certain lease and/or financing documents pertinent to a lease between BciCapital, Inc. (“Lessor”) and Columbus, Georgia Consolidated Government (“Lessee”) in relation to the Court Management System Upgrade.


Draft Master Lease Purchase Agreement.pdfDraft Master Lease Purchase Agreement.pdfDraft Escrow Agreement.pdfDraft Escrow Agreement.pdf


A RESOLUTION
NO._____

A RESOLUTION TO AUTHORIZE AND DIRECT THE EXECUTION AND DELIVERY OF CERTAIN LEASE DOCUMENTS PERTINENT TO A LEASE BETWEEN BCICAPITAL, INC. (“LESSOR”) AND COLUMBUS, GEORGIA CONSOLIDATED GOVERNMENT (“LESSEE”); TO PROVIDE A STATEMENT BY LEGISLATIVE FINDINGS AND INTENT; TO PROVIDE AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.

NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:

Section 1. The City finds that the leasing of certain property pursuant to a Master Lease Purchase Agreement (the "Master Lease") with Lessor. is essential to operation of the governmental functions of the Lessee. The execution and delivery of such documents as may be necessary to effectuate these purposes is authorized.

Section 2. The City Manager is hereby authorized and directed in the name and on behalf of the City to execute and deliver a Master Lease Purchase Agreement, a Lease Schedule, and an Escrow Agreement in substantially the form presented to this meeting, with such changes and additions as shall be approved by the officer who executes the same, and such other documents as shall be deemed by such officer to be necessary or desirable to effect the purposes hereof; and such execution shall constitute conclusive evidence that the executed document has been authorized and approved. The aforesaid officer is further authorized to do all things necessary or appropriate to effectuate the purposes hereof

Section 3. This action shall be effective immediately.
_____________

Introduced at a regular meeting of the Council of Columbus, Georgia held on the 13th day of November, 2018 and adopted at said meeting by the affirmative vote of ______ members of Council.


Councilor Allen voting __________.
Councilor Baker voting __________.
Councilor Barnes voting __________.
Councilor Davis voting __________.
Councilor Garrett voting __________.
Councilor House voting __________.
Councilor Huff voting __________.
Councilor Thomas voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.



_________________________________ __________________________
Lindsey Glisson, Deputy Clerk of Council Teresa Pike Tomlinson, Mayor


CLERK’S CERTIFICATE


The undersigned hereby certifies that I am the Clerk of Columbus, Georgia Consolidated Governmentt; that the attached hereto is a true copy of the Resolution duly and finally enacted or adopted by the Columbus, Georgia Council at a meeting duly held on November 13, 2018 at which a quorum was present and acting throughout, and that it has not been rescinded or modified and is now of full force and effect.

GIVEN under the seal of Columbus, Georgia, this day of November, 2018.



__________________________________
Lindsey Glisson, Deputy Clerk

(SEAL)