NUMB:
981649
VERS:
SUBSTITUTE 1
...REF:
XXBY:
THE CHAIR
TITL:
Substitute resolution approving a Governmental Lease Purchase Agreement between TEACH Wisconsin (the "Lessor") and the City of Milwaukee (the "Lessee").
ANLS:
- Analysis -
Resolution provides for approval of a Governmental Lease Purchase Agreement between the City and the State of Wisconsin relating to a Technology for Educational Achievement in Wisconsin Board (TEACH) lease.
BODY:
Whereas, The Milwaukee Public Library Board (the "Board") is in need of moneys for acquiring, installing and upgrading network wiring which may include any or all of the following: equipment racks and panels for services in telecommunication closets; wiring for voice and data; fiber and coaxial cable; wireless LAN hardware and fiber; and related electrical upgrades, design and construction costs, including any asbestos removal and professional fees (collectively, the "Project"); and
Whereas, Technology for Educational Achievement in Wisconsin Board ("TEACH") has transmitted and the Board has received a letter of award (the "Commitment") from TEACH in connection with the Project; and
Whereas, Pursuant to Section 43.58, Wisconsin Statutes, the Board has exclusive control of the expenditure of all moneys collected, donated, or appropriated for the library fund, and shall audit and approve all vouchers for the expenditures of the Public Library and forward the vouchers or schedules covering the same, setting forth the name of the claimants, the amounts of each claim and the purpose for which expended to the appropriate municipal officer with the statement thereon, signed by the Board's secretary or other designee of the Board, that the expenditure has been incurred and that the Board has audited and approved the bill; and
Whereas, Pursuant to Section 43.58, Wisconsin Statutes, the City of Milwaukee (the "Municipality") shall pay the bills submitted by the Board; and
Whereas, The Municipa...
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