2009-203ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE FINANCING OF PHONE EQUIPMENT,
RECURRING MAINTENANCE SUPPORT AND INSTALLATION SERVICES FOR THE
CITY OF DENTON THROUGH A LEASE PURCHASE FINANCING AGREEMENT;
PROVIDING FOR THE EXPENDITURE OF FUNDS THEREFOR; AND PROVIDING AN
EFFECTIVE DATE (FILE 4391-THIRD PARTY LEASE PURCHASE OF PHONE
EQUIPMENT THROUGH KEY GOVERNMENT FINANCE IN THE AMOUNT OF
$1,632,392.40 WITH FIVE ANNUAL PAYMENTS OF $326,478.48 EACH.)
WHEREAS, Section 271.005 of the Local Government Code authorizes the City council,
in its discretion, to contract for the financing of personal property; and
WHEREAS, the City Council finds that the herein authorized financing of the budgeted
equipment through a lease purchase agreement with Key Government Finance is appropriate and
in the public interest; and
WHEREAS, the City Council has provided in the City Budget for the appropriation of
funds to be expended for the herein authorized lease purchase agreement; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Council hereby authorizes a lease purchase agreement to finance
the acquisition of phone equipment and maintenance as listed on Exhibit A with Key
Government Finance, said agreement providing for a financed amount of $1,632,392.40 having
five annual payments of approximately $326,478.48 with the interest cost assumed by the
equipment provider.
SECTION 2. The City Manager, or the Purchasing Agent as his designee, is authorized
to enter into a lease purchase agreement on behalf of the City in accordance with the terms set
forth in Section 1 and to expend the funds provided for in Section 1.
SECTION 3. This ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this J `y day of 2009.
C
MARK A. UG OR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED
ANITA BURGESS, CITY ATTORNEY
BY:
3-ORD- 1
NBC
Created On: 8 Jul 2009
Expiration Date: 30 Aug 2009
To: City of Denton
Phone:
Fa1c
Exhibit
QUOTATION
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Cisco
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PARTNER
PARTNER
Quote No: TC073009SB
Project Name: Network Redesign
From Trad Chrisman
Phone: 469-549-3841
Fax 469.549-3871
INX Inc.
1955 Lakeway Drive Ground Freight Included
Suite 220 Quote valid for 30 days '
Lewisville, TX 75057 Tenns am Net 30 Customer Signature of Acceptance Dam
CISVtI 1.76-0515249-906 Lead tirms subject to change
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'Go D ect
Contract Number DIRSDD-239
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Created On: 1 Mar 2009
Expiration Date: 31 Mar 2009
Phone:
Fax:
QUOTATION
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Cisco c1s>r0 r.. Ito,
PARTNER PARTNER PARTNER
Quote No:
Project Name:
From:
Phone:
Fax:
Nob: Prices are valid for 30 days, Terms are Net 30, Products wrD be shipped FOB oriph,
Freita collect Risk of loss and tdo passes at shipphp pobd. Uppon approval of 0Ys lMt quote.
cushrner epees to ad terms and cor;tions stated w bnpkd NIX adores to reban, repboornaN or mpa6W
the menutact eASstr3uror DOA pobdes. Product rehan for crea is based on ma manufhc(u Afistnbutor
return poky and may be subject to stock rebalarmrp fees, or non+etum oLd orizabon -bss o0ierwlse agreed upon.
All d*prny end hanatag fees will apply. Typographical errors are subted to correction. TSdCS hereh
override any P.O. recefred by Gerd. NIX retains a sectudy iiterest h a9produd m d final payment
has been mode by drerd on die product.
2009 INX Inc. All Rights Reserved. This document and its contents are the confidential
and proprietary intellectual property of INX Inc. and may not be duplicated, redistributed
or displayed to any third party without the express written consent of INX Inc.'
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PARTNER PART KEn PARTNER
QUOTATION
Created On: 1 Mar 2009
Quote No:
Explratlon Date: 31 Mar 2009
Project Name:
To:
From:
Phone:
Phone:
Fax:
Fax:
Nato: Prices are vaedtor 30 days, Temu ere Net 30, Produds wW be shipped FOB of t;sk
Fre##coMect.Rlsxorbs3e.wbuepessesarshop4,ypo6rt Uppmapprovalorads Uaquate.
custmrer agmes to all /arms erW conddioru sbtted or mprod. M adores to mturr% repfimm d or mpw of
Me mamd8cMCRfsfib" DOA pa/xxaes. Product return for aedt is based on ma mamdadumrASsmbkdor
mts policy and may be sut0a to stock mb&wx* g fees, or ro-etwn aumodrabm urdass otherwise agreed upon.
Aa sh0pb g and hw;d5V tees wig gwty Typographical i, ors era subpa tokorredlon. TSWS hero;,
ovenx% arty P.O. received by dint thotreta a smmiy wftrea n al prodoi wa vrat poymmd
has been made by dcd m me prod -t
V 2009 INX Inc. All Rights Reserved. This document and its contents are the confidential
and proprietary Intellectual property of INX Inc. and may not be duplicated, redistributed
or displayed to any third party withoW the express written consent of INX Inc.'
5 year Total $ 202,872.00