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TO: |
Board of Trustees |
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FROM: |
Annette Royle, Director of Board Governance |
TITLE:
title
Ratification of Amendments to Resolution R2022-12-01 - Authorizing Master Equipment Lease Purchase Agreement- Revisions
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Ratify amendments made to Resolution R2022-12-01 at the Board’s December 7, 2022 Board meeting through an amended motion recommended by counsel
BACKGROUND:
At the Board of Trustees December 7, 2022 Board Meeting, counsel presented a resolution to authorize a Master Equipment Lease Purchasing Agreement to the Board for approval. Due to the request of the funder, two small edits to the resolution were proposed by counsel for Board approval. Those include:
- Adding language to clarify the three different lease schedules
- Provision authorizing Designated Officers to confirm rate locks
At that meeting, the Board offered a motion to approve Resolution R2022-12-01 as modified by counsel. Those redlined edits are attached to this consent item for the Board to ratify and to provide transparency to the final resolution executed on December 7, 2022.
ATTACHMENTS:
1. Resolution R2022-12-01 (marked-up), as amended by motion on December 7, 2022
Note - this attachment excludes the exhibits to the resolution. The executed resolution, including exhibits, can be viewed on the UTA Board of Trustees Meeting webpage for December 7, 2022 here: <https://rideuta.legistar.com/LegislationDetail.aspx?ID=5956381&GUID=B8CB659D-0592-4EC9-BF57-54D112B5EE2C&Options=&Search=>