Title
Consider an amended resolution authorizing the Mayor to execute a Municipal Lease/Purchase Agreement with Frost National Bank to lease/purchase various equipment.
Body
This item and the underlying agreements with Frost Bank were approved by Council at its September 14, 2017 regular Council meeting. Subsequent to that meeting, legal staff from Frost Bank came back and requested that one section of the City's resolution be removed. Frost will not fund the $3 million lease agreement until that action is taken. It is an administrative change from the city's perspective and does not change the underlying contract.