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RESOLUTION NO. 73-21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF UKIAH AUTHORIZING LEASE-PURCHASING OF ONE
D-8 CATERPILLAR TRACTOR AND BID CALL ON
INTEREST AUTHORIZING THE MAYOR TO EXECUTE
SAID LEASE-PURCHASE AGREEMENT
WHEREAS, the City Council finds that it is in the general intent of the
City of Ukiah to acquire certain capital equipment on a lease-purchase arrange-
ment, and
WHEREAS, the City Council finds that the equipment needed for City purposes
consists of one D-8 Caterpillar Tractor
NOW, THEREFORE, BE IT RESOLVED, that the City Manager negotiate for the
above capital item and he acquire said unit on a lease-purchase agreement
approved by the City Manager, and
BE IT FURTHER RESOLVED, that the Mayor be and is hereby authorized and
directed to execute the lease-purchase agreement for the acquisition of said
capital equipment
BE IT FURTHER RESOLVED, that the City Manager is directed to solicit bids
on the interest rate to be charged the City under the lease-purchase agreement~
exercising all diligence to obtain the most favorable prices for the best rate
available.
PASSED AND ADOPTED this llth day of October, 1972.
ATTEST:
CITY CLERK