1988-084-RES WHEREAS, the City Council did at it's regular meeting on January 11, 1988, in Resolution No. 88-001,

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RESOLUTION NO. 88-084 WHEREAS, the City Council did at it's regular meeting on January 11, 1988, in Resolution No. 88-001, authorize Mayor, Billy Joe Burnett to execute a Lease-Purchase Agreement for one New Model Hydraulic Excavator with Conley- Lott-Nichols Machinery Co.; and, WHEREAS, said Lease-Purchase Agreement is dated July 15, 1988, a date subsequent to the expiration of Mayor, Billy Joe Burnett's term of office and therefore it would not be appropriate for Mayor Burnett to execute the same and it would be appropriate for Mayor, Eric S. Clifford, to be authorized to execute the same; and, WHEREAS, the Lease-Purchase Agreement attached hereto as Exhibit A reflects terms in accordance with the bid let by Resolution No. 88-001, the form of which should be approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, That the Lease-Purchase Agreement in the form of Exhibit A attached hereto is approved; and, BE IT FURTHER RESOLVED, That the Mayor of the City of Paris, Eric S. Clifford, be, and he is hereby authorized and directed to execute on behalf of the City of Paris a Lease- Purchase Agreement in the form attached hereto as Exhibit A with City First Financial Company, assignee of Conley-Lott- Nichols Machinery, Co. Passed and adopted this 22nd day of August, 1988. ATTEST: ~~~.~,~~~~ Mattie Cunn~ng am, C~ y er ttorney