IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI
Title
AN ORDINANCE appropriating $1,100,000.00 from the unappropriated surplus of the 1998 General Fund and authorizing the County Executive to execute a Master Equipment Lease Purchase Agreement with Heller Financial Leasing, Inc., of Kansas City, Missouri, for the lease/purchase financing of the tax collection software package for use by the Collection Department, authorized by Resolution 12031.
Intro
ORDINANCE #2802, April 27, 1998
INTRODUCED BY John Patrick Burnett, County Legislator
Body
WHEREAS, by Resolution 12031, dated February 2, 1998, the Legislature did award a contract for the furnishing of a tax collection software package for use by the Collection Department to Asix Corporation of Belleview, WA, in the actual amount of $1,310,000; and,
WHEREAS, the Director of Finance now recommends that $1,100,000 of this amount be financed by a lease/purchase, over a five-year term; and,
WHEREAS, the Director of Finance has solicited proposals from financial institutions for this financing and recommends that the financing be awarded to Heller Financial Leasing, Inc., of Kansas City (Jackson County), Missouri, as it has submitted the most favorable proposal, at an interest rate of 4.86% subject to adjustment at time of closing; now therefore,
BE IT ORDAINED by the County Legislature of Jackson County, Missouri, that the following appropriation be and hereby is made from the unappropriated surplus of the 1998 General Fund:
DEPARTMENT/DIVISION CHARACTER/DESCRIPTION FROM TO
Increase Revenue $1,100,000
Unappropriated Surplus $1,100,000
Unappropriated Surplus $1,100,000
Division of Operations
Management Information
Systems Software $1,100,000
and,
BE IT FURTHER ORDAINED that a contract for the lease/purchase financing of the tax collection software package for use by the Collection Department awarded pursuant to Resolution 12031, dated February 2, ...
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