Agenda Item # 2
Columbus Consolidated Government
Council Meeting
April 23, 2013
Agenda Report # 59
TO: Mayor and Councilors
SUBJECT: GMA Direct Lease Program Master Lease Agreement
INITIATED BY: Pamela Hodge, Finance Department
Recommendation: Approval is requested to enter into a Master Lease with the
Georgia Municipal Association to provide a mechanism to finance capital
equipment.
Background: In 1990, the Columbus Consolidated Government entered into a lease
pool agreement through GMA to provide low interest, short term financing for
capital equipment. The lease pool was a viable option during the budget
process each year and the city took advantage of this program until 2008 when
the program ended. GMA currently offers a direct lease program to
municipalities. A master lease agreement is required and a supplemental lease
will be executed for approved equipment.
Analysis: GMA offers participants low interest installment leases for the
acquisition of essential government equipment such as garbage trucks, fire
trucks, ambulances, computer systems, etc. The payment terms are flexible with
no up-front fees, no required down payments, no prepayment penalties, and no
final ?balloon? payments.
Financial Considerations: The lease payments were included in the Debt Service
Fund in the FY13 budget for the acquisition of garbage trucks, dozers, and
grab-alls for the Integrated Waste function.
Legal Considerations: The GMA Direct Lease program complies with Section
36-60-13 of the Official Code of Georgia, state leasing statute.
Recommendations/Actions: Approval is requested to enter into a Master Lease
with the Georgia Municipal Association to provide a mechanism to finance
capital equipment.
RESOLUTION
NO._____
A resolution to authorize and direct the execution and delivery of
certain lease documents pertinent to a lease between the Georgia Municipal
Association, Inc. and Columbus, Georgia Consolidated Government (?the City?);
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 (the "Master Lease") with the Georgia Municipal
Association, Inc. is essential to operation of the governmental functions of
the City. The execution and delivery of such documents as may be necessary to
effectuate these purposes is authorized.
Section 2. The City Manager of the City is hereby authorized and
directed in the name and on behalf of the City to execute and deliver the
Master Lease 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
23rd day of April, 2013 and adopted at said meeting by the affirmative vote of
______ members of Council.
Councilor Allen voting __________.
Councilor Henderson voting __________.
Councilor Huff voting __________.
Councilor McDaniel voting __________.
Councilor Turner Pugh voting __________.
Councilor Woodson voting __________.
____________________________
________________________
Tiny B. Washington, Clerk of Council , Mayor
CLERK?S CERTIFICATE
The undersigned hereby certifies that I am the Clerk of Columbus,
Georgia Consolidated Government (the "City"); that the attached hereto is a
true copy of the Resolution duly and finally enacted or adopted by the
governing body of the City at a meeting duly held on April 23, 2013 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 23rd day of April, 2013.
_______
Clerk
(SEAL)
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