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<br />RESOLUTION NO. 2001-201 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, <br />PARIS, TEXAS, APPROVING THE PURCHASE OF ONE (1) MODEL YEAR <br />2002 OIL DISTRIBUTOR TRUCK FOR USE IN STREET DIVISION OF THE <br />PUBLIC WORKS DEPARTMENT; AUTHORIZING THE EXECUTION OF <br />A LEASE PURCHASE AGREEMENT AND ANY AND ALL OTHER <br />NECESSARY DOCUMENTS RELATED TO THE TRANSACTION <br />APPROVED HEREIN; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND PROVIDING AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of <br />November, 2001, in Resolution No. 2001-182, authorize the advertisement for bids for one (1) model <br />year 2002 oil distributor truck for use in the Parks and Rights-of-Way Division ofthe Public Works <br />Department, said bids to be received until 3:00 p.m. on the 4th day of December, 2001; and, <br /> <br />WHEREAS, the best bid for said equipment was made by Conley Lott Nichols ofLongview, <br />Texas, and it should be awarded the bid for the same; and, <br /> <br />WHEREAS, it is further deemed appropriate that the City Manager be authorized to execute <br />a Lease Purchase Agreement for said equipment for a total purchase price of $95,849.00, plus <br />interest at the rate of5.574% and costs; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, <br />TEXAS: <br /> <br />Section 1. That the findings set out in the preamble to this resolution are hereby in all things <br />approved. <br /> <br />Section 2. That the City Manager be, and he is hereby, authorized and directed to execute, <br />on behalf of the City of Paris, a Lease Purchase Agreement upon such terms and conditions as <br />contained therein, at the price of$95,849.00, plus interest at the rate of 5.574% and costs, financing <br />the purchase of one (1) model year 2002 oil distributor truck for use in the Parks and Street Division <br />of the Public Works Department. <br /> <br />Section 3. That the City Manager, City Attorney, Finance Director, or other appropriate City <br />official shall be, and they are hereby, authorized and directed to execute any and all other necessary <br />documents related to the transaction approved herein. <br /> <br />Section 4. That this resolution shall be effective from and after its date of passage. <br />