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RESOLUTION NO. R2013-07 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO AN AGREEMENT TO LEASE PURCHASE <br /> NINE (9) 2012 CHEVROLET IMPALA POLICE PURSUIT VEHICLES <br /> AND VEHICLE ACCESSORY EQUIPMENT PACKAGE <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 30-month lease <br /> purchase agreement with Busey Bank to purchase nine (9) new 2012 Chevrolet Impala Police Pursuit <br /> Vehicles and accessory equipment package, with terms and conditions as acceptable to the City. <br /> Section 2. That the annual interest rate will be 1.59%, the quarterly payments will be $20,793.81 <br /> and the total cost over two and one-half years will be $207,938.10. <br /> PRESENTED and ADOPTED this 22nd day of January, 20 3. <br /> r <br /> i <br /> I LRO , M YO <br /> ATTEST: <br /> CITY GL R <br />