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RESOLUTION NO. R2013- 0 9 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO AN AGREEMENT TO LEASE PURCHASE <br /> A 2013 FORD EXPLORER FULL SIZE UTILITY VEHICLE <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the City Manager be, and he is hereby, authorized to enter into a 4-year lease <br /> purchase agreement with Busey Bank to purchase a new 2013 Ford Explorer Full Size Utility Vehicle, <br /> with terms and conditions as acceptable to the City. <br /> Section 2. That the annual interest rate will be 1.72%, with fifteen quarterly payments of <br /> $1,744.89, and one quarterly payment of$1,744.91 and the total cost over four years will be $27,918.26. <br /> PRESENTED and ADOPTED this 22nd day of January, 20 3. <br /> I RO MAYOR <br /> ATTEST: <br /> CITY C ER <br />