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<br />I.
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<br />RESOLUTION NO.
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<br />Q7-0R7
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<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 9th day of
<br />September, 1996, in Ordinance No.96-047, authorize the purchase of a 1997 Wheeled Excavator
<br />for use in the Street Division of Public Works, and thereafter did advertise for bids for furnishing
<br />said equipment, which bids were received until 3:00 p.m., Tuesday, January 21, 1997; and,
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<br />WHEREAS, the best bid for such equipment was made by Darr Equipment Company,
<br />Dallas, Texas, and it was awarded the bid for the same on February 10, 1997; and,
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<br />WHEREAS, the form of the Equipment Note and Security Agreement with Darr
<br />Equipment Company, attached hereto as Exhibit A, for the pUTchase of a new CaterpillaT Model
<br />M318 Wheeled Excavator, should, in all things, be approved, and the City Manager of the City
<br />of Paris, Michael E. Malone, should be authorized to execute the same; NOW, THEREFORE,
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<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the
<br />form of the Equipment Note & Security Agreement with Darr Equipment Company, attached
<br />hereto as Exhibit A, be, and the same is hereby, appToved; and,
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<br />BE IT FURTHER RESOLVED, that the City Manager of the City of Paris, Michael E.
<br />Malone, be, and he is hereby, authorized and directed to execute, on behalf of the City of Paris,
<br />the Equipment Note and Security Agreement with Darr Equipment Company, for the purchase
<br />of a new Caterpillar Model M318 Wheeled Excavator, under the teTms and conditions and in the
<br />form shown in Exhibit A, attached hereto.
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<br />PASSED AND ADOPTED ,,", lHh <by of ~
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<br />Eric S. Cliffor ,
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<br />ATTEST:
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<br />~C\.\-'-.., ~~~~~~~
<br />Mattie Cunningham, City Clerk
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