RESOLUTION NO.
A RESOLUTION OF THE CITY OF ERLANGER, KENTUCKY, AUTHORIZING the Master Municipal Lease Agreement # 17170, between Lease Servicing Center, Inc. dba NCL Government Capital (Lessor) and City of Erlanger (Lessee) and Schedule #001 thereto.
WHEREAS: At a duly called meeting of the Governing Body of the Lessee (as defined in the Agreement) held , 20 the following resolution was introduced and adopted:
BE IT RESOLVED by the Governing Body of Lessee as follows:
1. Determination of Need. The Governing Body of Lessee has determined that a true and very real need exists for the acquisition of the Equipment described on Municipal Schedule #001 to the Master Municipal Lease Agreement #17170, between City of Erlanger (Lessee) and Lease Servicing Center, Inc. dba NCL Government Capital (Lessor).
2. Approval and Authorization. The Governing Body of Lessee has determined that the Agreement and Schedule, substantially in the form presented to this meeting, are in the best interests of the Lessee for the acquisition of such Equipment, and the Governing Body hereby approves the entering into of the Agreement and Schedule by the Lessee and hereby designates and authorizes the following person(s) to execute and deliver the Agreement and Schedule on Lessee’s behalf with such changes thereto as such person(s) deem(s) appropriate, and any related documents, including any Escrow Agreement, necessary to the consummation of the transaction contemplated by the Agreement and Schedule. The City of Erlanger is authorized to enter into the lease financing with Lease Servicing Center, Inc. dba NCL Government Capital to finance their (7) Tesla Model Y AWD from Tesla in the amount of $312,865.00 with 5 annual payments of $64,203.01.
Authorized Individual(s): Jessica Fette – Mayor
(Printed or Typed Name and Title of individual(s) authorized to execute the Agreement)
3. Adoption of Resolution. The signatures below from the designated individuals from the Governing Body of the Lessee evidence the adoption by the Governing Body of this Resolution.
By: ______________________________________________________________________
(Signature of Secretary, Board Chairman or other member of the Governing Body)
Print Name: ____________________________ Title: ______________________
(Print name of individual who signed directly above) (Title of individual who signed directly above)
Attested By: ________________________________________________________________
(Signature of one additional person who can witness the passage of this Resolution)
Print Name: ____________________________ Title: ______________________
(Print name of individual who signed directly above) (Title of individual who signed directly above)
Done this ____ day of July 2026 on a Motion made by Council member ___________________ and seconded by Council Member ___________________.
BY:
Jessica Fette, Mayor