Laserfiche WebLink
RESOLUTION NO. I <br /> RESOLUTION AUTHORIZING CITY OF DECATUR TO ENTER INTO A PURCHASE <br /> AGREEMENT FOR THE PURCHASE OF THREE (3) PIERCE SABER FIRE <br /> APPARATUS AND AGREEMENT FOR DEBT FINANCING OF APPARATUS <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City of Decatur, through the Houston/Galveston Area Council (H- <br /> GAC), desires to acquire Three(3)Pierce Saber Apparatus, from Pierce Manufacturing of <br /> Appleton, Wisconsin,replacing three Pierce Apparatus, at a net acquisition price not to exceed <br /> $2,325,000.00. <br /> Section 2. That the City of Decatur desires to enter into a debt financing arrangement for <br /> the acquisition of the new apparatus with a not to exceed principal amount of$2,325,000.00, at a <br /> not to exceed interest rate of 6.5%, for a financing term not to exceed seven(7)years. <br /> Section 3. That the City Council hereby authorizes the City Manager the authority to <br /> enter into the contract to acquire the fire apparatus from Pierce Manufacturing of Appleton, <br /> Wisconsin, and to enter into the debt financing arrangement at the not to exceed levels as defined <br /> in Section 2. <br /> PRESENTED and ADOPTED this 17th day of July 2023. <br /> JU MOORE WOLFE, MAY <br /> eA <br /> ATTEST: <br /> CITY CLERK <br />