RESOLUTION NO. 11661
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ORANGE APPROVING THE
EXECUTION AND DELIVERY OF A MASTER
LEASE-PURCHASE AGREEMENT WITH PNC
BANK, NATIONAL ASSOCIATION, FOR THE
ACQUISITION AND FINANCING OF A
PIERCE ENFORCER URBAN SEARCH AND
RESCUE APPARATUS AND AUTHORIZING
RELATED ACTIONS.
Principal Amount Expected To Be Financed: $1,931,606.50 WHEREAS the City of Orange (“City”) is a general law city and municipal corporation of the State of California, duly organized and existing pursuant to the Constitution and laws of the State of California; and
WHEREAS pursuant to applicable law, the City Council of the City (“City Council”) is authorized to acquire, dispose of, and encumber real and personal property, including, without limitation, rights and interests in property, leases, and easements necessary to the functions or operations of the City; and
WHEREAS the City Council hereby finds and determines that the execution of one or more Master Lease-Purchase Agreements and related schedules and addendums (collectively, the “Leases”) for a Pierce Enforcer Urban Search and Rescue Apparatus for the City of Orange Fire Department in the principal amount not exceeding the amount stated above for the purpose of acquiring the property (“Equipment”) to be described in the Leases is appropriate and necessary to the functions and operations of the City, including the provision of fire and emergency response services; and
WHEREAS, PNC Bank, National Association (“Lessor”) shall act as Lessor under said Leases; and
WHEREAS, the City Council previously approved the acquisition of the equipment and related financing on January 13, 2026, including approval of the purchase through the HGACBUY cooperative purchasing program and authorization to execute related financing documents.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange as follows:
Section 1 . City Manager, Mayor, or a designee (each an “Authorized Representative”), is hereby authorized to execute and deliver, one behalf of the City, one or more Leases, consistent with the terms approved by the City Council on January 13, 2026. 2 Each Authorized Representative is further authorized to execute such certificates, agreements, and related documents and take such actions as necessary to implement the Leases and lease- purchase financing approved by the City Council.
Any related agreements that materially alter the City’s financial obligations shall require City Council approval.
Section 2. By a written instrument signed by any Authorized Representative, said Authorized Representative may designate specifically identified officers or employees of the City to execute and deliver agreements and documents relating to the Leases on behalf of the City.
Section 3. The aggregate original principal amount of the Leases shall not exceed the amount stated above and shall bear interest as set forth in the Leases and the Leases shall contain such options to purchase by the City as set forth therein, subject to appropriation and compliance with applicable California law and consistent with the terms approved by the City Council.
Section 4. The City’s obligations under the Leases shall be subject to annual appropriation by the City Council as set forth in each Lease and the City’s obligations under the Leases shall not constitute general obligations of the City or indebtedness under the Constitution or laws of the State of California.
Section 5. As to each Lease, the City reasonably anticipates to issue not more than $10,000,000 of tax-exempt obligations (other than “private activity bonds” which are not “qualified 501(c)(3) bonds”) during the current calendar year in which each such Lease is issued and hereby designates each Lease as a qualified tax-exempt obligation for purposes of Section 265(b) of the Internal Revenue Code of 1986, as amended.
NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Council of the City of Orange hereby approves the master lease-purchase financing with PNC Bank, National Association, and authorizes the execution of related documents consistent with this Resolution.
ADOPTED this ____ day of ____________________, 2026
Daniel R. Slater, Mayor, City of Orange
ATTEST:
Pamela Coleman, City Clerk, City of Orange
3 APPROVED AS TO FORM:
Nathalie Adourian, City Attorney, City of Orange
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF ORANGE )
I, PAMELA COLEMAN, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Orange at a regular meeting thereof held on the _______ day of , 2026 by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
Pamela Coleman, City Clerk, City of Orange