1997-022-RES WHEREAS, CITY COUNCIL DID AT ITS REGULAR SEPTEMBER 9, 1996 MEETING IN ORD NO

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RESOLUTION NO. 97 -022 WHEREAS, the City Council of the City of Paris did, at its regular meeting on September 9, 1996, in Ordinance No. 96-047, authorize the purchase of a 1997 4-wheel drive tractor with hydraulic side-mounted 6 foot shredder for use in the Street Division of the Public Works Department, and thereafter did advertise for bids for furnishing said 4- wheel drive tractor, which bids for such were received until 3:00 p.m., Tuesday, October 29, 1996; and, WHEREAS, the best bid for such purchase was made by LaRue Ford Tractor, Paris, Texas, and it was awarded the bid for such equipment; and, WHEREAS, the form of Equipment Lease Purchase Agreement with Ford Motor Credit Company for the purchase of the 1997 4-wheel drive tractor, attached hereto as Exhibit A, should, in all things, be approved and the City Manager, Michael E. Malone, should be authorized to execute the same; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the form of the Equipment Lease Purchase Agreement with Ford Motor Credit Company, attached hereto as Exhibit A, be, and the same is hereby, approved; 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 Equipment Lease Purchase Agreement, upon the terms and conditions and in the form shown in Exhibit A, attached hereto, with Ford Motor Credit Company, financing the purchase of one Ford New Holland 5030 Tractor with Terrain King Versa Mower, (S.N.055063B) with 04311. PASSED AND ADOPTED this 10th day of March, 1997. ~~ Eric S. Clifford, Mayor ~ ~ ATTEST: ~t\l~ Mattie Cti1111ingham, City Cle