1974-634WHEREAS, the City of Anaheim and Security Pacific
National Bank entered into a lease dated February 5, 1974;
and
WHEREAS, said lease provided for the lease of
personal property to be used in the operation of the Anaheim
Convention Center Expansion; and
WHEREAS, subsequent to the execution of said lease,
it has been determined by the parties that the lease payments
for the equipment should be amended to lower the cost of each
payment.
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of Anaheim that the first page of that certain
agreement between the City of Anaheim and the Security Pacific
National Bank dated February 5, 1974, be amended as shown on
Exhibit "A" attached hereto to reflect lower level payment.
BE IT FURTHER RESOLVED that the Mayor and City Clerk
are authorized to execute said amendment on behalf of the City
of Anaheim.
THE FOREGOING RESOLUTION is approved and signed by
me this 31st day of December 1974.
ATTEST:
-L )X c °--4.4
CITY CLERK OF THE CI,V1 OF ANAHEIM
ARW:jh
RESOLUTION NO. 74R- 634
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ANAHEIM APPROVING THE TERMS AND CONDITIONS
OF AN AMENDMENT TO A LEASE BETWEEN THE CITY
OF ANAHEIM AND SECURITY PACIFIC NATIONAL BANK
DATED FEBRUARY 5, 1974, AND AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE SAID AMENDMENT
ON BEHALF OF THE CITY OF ANAHEIM.
t LAI .4/
f OF THE I ,OF ANAHEIM
Pro Tem
herein referred to as "Lessor hereby leases
to the undersigned "Lessee and Lessee hereby leases from Lessor
the personal property (herein called "equipment described below,
upon the terms and conditions hereinafter set forth:
Lessor:
Address:
Lessee:
Address:
Supplier of Equipment: VARIOUS
Address:
Term of Lease: 8 Years (Semi Annually)
Amount of Security Deposit:
Address at which equipment will be located: 800 West Katella
Anaheim, California 92805
Description of Equipment
Quantity Serial No. Manufacturer, Make, Model No.
Description Price
The total rental payable by Lessee to Lessor under this lease
shall be payable in installments as follows:
Due Date
AMENDMENT TO LEASE OF PERSONAL PROPERTY
CITY OF ANAHEIM
204 East Lincoln Avenue
Anaheim, California 92805
None
SEE ATTACHED LIST
1. Original cost of equipment
2. Amount paid herewith
3. Unpaid cost (1 minus 2)
4. Interest Charge
5. Total rental (3 plus 4)
1. September 1, 1974 $20,558.74
2. March 1, 1975 $20,558.74
3. September 1, 1975 $20,558.74
4. march 1, 1976 $20,558.74
5. September 1, 1976 $20,558.74
6. March 1, 1977 $20,558.74
7. September 1, 1977 $20,558.74
8. March 1, 1978 $20,558.74
9. September 1, 1978 $20,558.74
10. March 1, 1979 $20,558.74
11. September 1, 1979 $20,558.74
12. March 1, 1980 $20,558.74
13. September 1, 1980 $20,558.74
14. March 1, 1981 $20,558.74
15. September 1, 1981 $20,558.74
16. March 1, 1982 $20,558.74
SECURITY PACIFIC NATIONAL BANK
SECURITY PACIFIC NATIONAL BANK
333 So. Hope Street
Los Angeles, California
Rentals (Including interest)
EXHIBIT "A"
$265,802.19
-0
$265,802.19
63,137.65
$328,939.84
(Inc. $6,977.31 interest)
(Inc. $6,620.80 interest)
(Inc. $6,254.93 interest)
(Inc. $5,879.45 interest)
(Inc. $5,494.12 interest)
(Inc. $5,098.67 interest)
(Inc. $4,692.85 interest)
(Inc. $4,276.37 interest)
(Inc. $3,848.96 interest)
(Inc. $3,410.32 interest)
(Inc. $2,960.18 interest)
(Inc. $2,498.22 interest)
(Inc. $2,024.13 interest)
(Inc. $1,537.59 interest)
(Inc. $1,038.29 interest)
(Inc. 525.46 interest)
OM OM
(SEAL)
STATE OF CALIFORNIA
COUNTY OF ORANGE ss.
CITY OF ANAHEIM
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing Resolution No. 74R -634 was passed
and adopted at a adjourned regular meeting of the City Council held
on the 31st day of December, 1974, by the following vote of the members
thereof:
AYES: COUNCIL MEMBERS: Kaywood, Sneegas and Seymour
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Pebley and Thom
AND I FURTHER CERTIFY that the Mayor Pro Tem of the City of
Anaheim approved and signed said Resolution No. 74R -634 on the 31st day of
December, 1974.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the seal of the City of Anaheim this 31st day of December, 1974.
CITY CLERK OF THE CITY T'r ANAHEIM
I, ALONA M. HOUGARD, City Clerk of the City of Anaheim, do
hereby certify that the foregoing is the original of Resolution No.
74R -634 duly passed and adopted by the Anaheim City Council on
December 31, 1974.
-u
City Clerk