1985-085-RES WHEREAS, the City Council of the City of Paris, did at its special meeting on August 27, 1984 approve the

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RESOLUTION NO. 85-085 WHEREAS, the City Council of the City of Paris, did at its special meeting on August 27, 1984 approve the adver- tisement for bids for leasing of a Pulvimixer and a Vibratory Roller which bids were received until 10:00 o'clock A.M., Wednesday, May 8, 1985; and, WHEREAS, the best bid for lease of such equipment was made by Conley-Lott-Nichols Machinery and it was awarded the bid for lease of said equipment; and, WHEREAS, the City of Paris is desirous of exercising the long term lease purchase provisions of said bid which is financed through T. J. Raney & Sons, Inc., 3600 Cantrell Road, Little Rock, Arkansas 72202; and, WHEREAS, the form of lease with T. J. Raney & Sons, Inc. is attached hereto as Exhibit A, and such form should be approved; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the long term lease purchase provisions is hereby accepted and approved; and, BE IT FURTHER RESOLVED, That the City Manager of the Ci ty of Paris, David H. Doty, be, and he is hereby au- thorized and directed to execute on behalf of the City of Paris the lease for such equipment, upon the terms and con- ditions and in the form shown in Exhibit A attached hereto, with T. J. Raney & Sons, Inc. Passed and adopted this 14th day of October, 1985. ~~~ Mayor ATTEST: ~~\- ~ ~a"m~Cr~"\;~~ Mattie Cunning am, 1ty er u ttorney