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RESOLUTION NO. R2013- 05 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO AN AGREEMENT TO LEASE PURCHASE <br /> A 2013 FORD E-450 CUTAWAY SERVICE TRUCK <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 5-year lease <br /> purchase agreement with Busey Bank to purchase a new 2013 Ford E-450 Cutaway Service Truck, with <br /> terms and conditions as acceptable to the City. <br /> Section 2. That the annual interest rate will be 1.89%, the quarterly payment will be $1,786.13 <br /> and the total cost over five years will be $35,722.60. 1 <br /> J <br /> PRESENTED and ADOPTED this 22nd day of January, 2013. <br /> IC T. L Y,k4 R <br /> f <br /> f <br /> f <br /> ATTEST: <br /> CIT CL <br />