1996-022-RES WHEREAS, CITY COUNCIL DID AT ITS SPECIAL MEETING ON SEPTEMBRE 14, 1995

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RESOLUTION NO. 99 Q22 WHEREAS, the City Council of the City of Paris, did at its special meeting on September 14, 1995, in Ordinance No. 95-037, authorize the purchase of a 1996 4-Wheel Drive Backhoe for use in the Street Department, and thereafter did advertise for bids for furnishing said 4-Wheel Drive Backhoe, which bids for such were received until 3:00 p.m., Tuesday, January 23, 1996; and, WHEREAS, the best bid for such purchase was made by Future Equipment Company, Inc., 117 Highway 82 West, Sherman, Texas 75091, and it should be awarded the bid for such equipment; and, WHEREAS, the Lease/Purchase Financing Proposal with ASSOCIATES COMMERCIAL CORPORATION for the purchase of one 1996 Case 590 Super L 4- Wheel Drive Backhoe is attached hereto as Exhibit A, and such Agreement should be approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL 01<' THE CITY OF PARIS, that the bid of Future Equipment Company, Inc. for the purchase of a 1996 Case 590 Super L 4-Wheel Drive Backhoe is hereby accepted and let; and, BE IT FURTHER RESOLVED, that the City Manager of the City of Paris, Michael E. Malone, be, and he is hereby authorized and directed to execute on behalf of the City of Paris the Lease/Purchase Financing Proposal upon the terms and conditions shown in Exhibit A attached hereto, with ASSOCIATES COMMERCIAL CORPORATION, financing the purchase of a 1996 Case 590 Super L 4-Wheel Drive Backhoe. PASSED AND ADOPTED this 11th day of March, 1996. E~'~ym ATTEST: APPROVED 0? FORM: J/~//