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RESOLUTION NO. 95 -005 <br />WHEREAS, the City Council of the City of Paris, did at its special meeting on <br />September 19, 1994, in Ordinance No. 94 -042, authorize the purchase of a 1995 Rear <br />Loading Refuse Compaction Truck for use in the Sanitation Department, and thereafter did <br />advertise for bids for furnishing said Rear Loading Refuse Compaction Truck, which bids <br />for such were received until 3:00 P.M., Tuesday, October 25, 1994; and, <br />WIIEREAS, the best bid for such purchase was made by PECUES -HURST <br />FORD, Post Office Box 3686, Longview, Texas 75606, and it was awarded the bid for <br />such equipment on November 14, 1994; and, <br />WIIEREAS, the Lease /Purchase Financing Proposal with ASSOCIATES <br />COMMERCIAL CORPORATION for the purchase of one 1995 Rear Loading Refuse <br />Compaction Truck is attached hereto as Exhibit A, and such Agreement should be <br />approved; NOW, THEREFORE, <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that <br />the City Manager of the City of Paris, Michael E. Malone, be, and he is hereby authorized <br />and directed to execute on behalf of the City of Paris the Lease /Purchase Financing <br />Proposal upon the terms and conditions shown in Exhibit A attached hereto, with <br />ASSOCIATES COMMERCIAL CORPORATION, financing the purchase of a 1995 Rear <br />Loading Refuse Compaction Truck. <br />PASSED AND ADOPTED this 9TI -I day of January, 1995. <br />ATTEST: <br />r <br />Mattie Cunningham, City Cler <br />APPROVED AS TO j+ORM: <br />,--Al <br />T. K. Haynes, City Attorney <br />847 <br />