RESOLUTION #___________________ RESOLUTION APPROVING MASTER LEASE AGREEMENT BETWEEN ASHEVILLE CITY SCHOOLS AND ONTARIO INVESTMENTS -------------------------------------------------------------------------------------------------------------------WHEREAS, The Asheville City Board of Education intends to enter into a Master Lease Agreement with Ontario Investments for the lease of student computer equipment over a four (4) year term for a total amount not to exceed $400,000.00; and WHEREAS, Asheville City Board of Education has budgeted appropriate funds to pay the obligations under this lease for the entire term of the lease; and WHEREAS, North Carolina General Statutes ยง115C-441(c 1) requires that the board of county commissioners approve this contract and bind the board of commissioners to appropriate sufficient funds in ensuing fiscal years to meet the amounts to be paid under the contract; and WHEREAS, this Board is of the opinion that it is in the best interests of the citizens and residents of the County to approve the lease agreement and appropriate sufficient funds in ensuing fiscal years to meet the amounts to be paid under the contract. NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the County of Buncombe as follows: 1. That the Master Lease Agreement between The Asheville City Board of Education and Ontario Investments is hereby approved. That this Board shall appropriate sufficient funds in ensuing fiscal years to meet the amounts to be paid under the contract. That this resolution is effective upon its execution.
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This the 20th day of June, 2006. ATTEST BOARD OF COMMISSIONERS FOR THE COUNTY OF BUNCOMBE BY_________________________________ NATHAN RAMSEY, CHAIRMAN
________________________ KATHY HUGHES, CLERK
APPROVED AS TO FORM
_____________________________________ COUNTY ATTORNEY