Ordinance No. 12,567ORDINANCE NO. 12,567
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS,
AUTHORIZING AND DIRECTING THE CITY MANAGER TO NEGOTIATE AND
EXECUTE AN EQUIPMENT LEASE - PURCHASE AGREEMENT TO REFINANCE
THE 2008 ENERGY SAVINGS CONSERVATION PROJECT WITH ALL
AMERICAN INVESTMENT GROUP, LLC; AUTHORIZING PAYMENT BY THE
CITY OF BAYTOWN IN AN AMOUNT IN ACCORDANCE WITH SUCH
AGREEMENT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF.
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BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS:
Section 1: That the City Council of the City of Baytown, Texas, hereby authorizes the City
Manager to negotiate and execute an equipment lease - purchase agreement to refinance the 2008 Energy
Savings Conservation Project with All American Investment Group, LLC, upon terms and conditions
acceptable to the City Manager and the City Attorney.
Section 2: That the City Council of the City of Baytown authorizes payment to All
American Investment Group, LLC, in accordance with the agreement authorized in Section I
hereinabove.
Section 3: This ordinance shall take effect immediately from and after its passage by the
City Council of the City of Baytown.
INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of
Baytown, this the 12`h day of June, 2014. , �1 . 'M '//
DAVID MCCARTNEY, Njayor Pro'Tem
A
LETICIA BRYSCH, City lerk
APPROVED AS TO FORM: OF Z�
4ACIOAMIREZ, SR., City Att y
R:\KarenlFiles \City Councif10rdinances\2014Vune 12\RefinanceEnergySav ingsConservation Project. doc