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RESOLUTION NO. R2011-136 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO AN AGREEMENT TO LEASE <br /> PURCHASE A PIERCE VELOCITY 100' PLATFORM FIRE TRUCK <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City Manager be, and he is hereby, authorized to enter into a <br /> 7-year lease purchase agreement with Busey Bank to purchase a new Pierce Velocity <br /> 100' Platform Fire Truck, with terms and conditions as described in the attached <br /> agreement. <br /> Section 2. That the annual interest rate will be 2.37%, the annual payment will be <br /> $148,544.28 and the total cost over seven years will be $1,039,809.96. <br /> i <br /> i <br /> PRESENTED and ADOPTED this 29th day of August, 2011. 1 <br /> MI A t ff T. MPRO , AYOR <br /> AT ST: <br /> CITY CLERK <br />