Senate Journal: Page 925: Monday, April 2, 2001

  Senate Joint Resolution 3

  On motion of Senator McKean, Senate Joint Resolution 3, a
  joint resolution authorizing the sixth judicial district department of
  correctional services to extend a lease-purchase agreement and
  providing an effective date, was taken up for consideration.

  Senator McKean moved that the resolution be read the last time
  now and placed upon its passage, which motion prevailed by a voice
  vote, and the resolution was read the last time.

  Senate Joint Resolution 3, a joint resolution authorizing the
  sixth judicial district department of correctional services to extend a
  lease-purchase agreement and providing an effective date.
  WHEREAS, the sixth judicial district department of correctional
  services entered into a lease-purchase agreement with Merchants
  National Bank of Cedar Rapids on April 1, 1991, for real property
  located in Johnson and Linn counties where the current community-
  based correctional facilities are now located; and
  WHEREAS, the lease-purchase agreement was assigned to Firstar
  Bank of Milwaukee; and
  WHEREAS, the sixth judicial district department of correctional
  services is desirous to exercise an option in the lease-purchase
  agreement to acquire approximately ten acres of real property located
  next to the community-based correctional facility in Cedar Rapids,
  Iowa; and
  WHEREAS, the current lease-purchase agreement is for a term
  commencing on April 25, 1991, and ending on June 1, 2006; and
  WHEREAS, the sixth judicial district department of correctional
  services requests authorization from the general assembly pursuant
  to Code section 905.4, subsection 5, for an extension of the lease-
  purchase agreement with Firstar Bank of Milwaukee; and
  WHEREAS, the requested extension of the lease-purchase
  agreement is for a term commencing on June 1, 2006, and ending on
  June 1, 2008; and
  WHEREAS, current funding is adequate to meet the extension of
  the lease-purchase obligation and no general fund moneys need to be
  appropriated to extend the lease-purchase agreement; NOW
  THEREFORE,
  BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE
  OF IOWA:

© 2001 Cornell College and League of Women Voters of Iowa

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