Proposed Resolution - 11/18/20211
RESOLUTION NO. _____ OF 2021
Authorizing the approval of a Municipal Master Lease Agreement Salt Lake City
Corporation and JP Morgan Chase Bank, N.A. regarding leasing and purchasing services.
WHEREAS, the attached Municipal Master Lease Agreement (“Agreement”) has been prepared to
provide Salt Lake City Corporation (“City”) with the ability to utilize certain leasing and purchasing services
provided by JP Morgan Chase Bank, N.A. (“JP Morgan”); and
WHEREAS, the City Council finds that the Agreement will enable the City to enter into leasing and
purchasing arrangements that will be of benefit to the City and its citizens;
THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City, Utah as follows:
1. The City Council does hereby approve the execution and delivery of the attached Agreement
under which JP Morgan will provide leasing and purchasing services to the City;
2.
3. The effective date of the Agreement shall be the date on which the fully executed Agreement is
recorded by the Salt Lake City Recorder.
4. Erin Mendenhall, Mayor of Salt Lake City, Utah or her designee is hereby authorized to approve,
execute, and deliver said Agreement of behalf of Salt Lake City Corporation, in substantially the
same form as now before the City Council and attached hereto, subject to such minor changes
that do not materially affect the rights and obligations of the City thereunder and as shall be
approved by the Mayor or the Mayor’s designee, their execution thereof shall constitute
conclusive evidence of such approval.
Passed by the City Council of Salt Lake City, Utah, this _____ day of _________, 2021
SALT LAKE CITY COUNCIL
By: ______________________
CHAIRPERSON
ATTEST:
___________________________
CITY RECORDER
APPROVED AS TO FORM:
_________________________
Salt Lake City Attorney’s Office