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R2011-136 AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT
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R2011-136 AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT
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8/31/2015 3:59:47 PM
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8/31/2015 3:59:45 PM
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Resolution/Ordinance
Res Ord Num
R2011-136
Res Ord Title
AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT TO LEASE PURCHASE A PIERCE VELOCITY 100' PLATFORM FIRE TRUCK
Approved Date
8/29/2011
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LEASE PURCHASE OF FIRE TRUCK RECAP-AUGUST 23, 2011 <br /> Pierce Busey Hickory PNC Regions Soy <br /> Oshkosh Bank Point Equipment Equipment Capital <br /> Capital Bank Finance Finance <br /> 5-Year Lease Purchase <br /> Annual Interest Rate 1.8S0% 1.900% 3.500% 1.850% 2.208% <br /> Annual Payment 200,219.69 200,511.05 206,916.48 200,217.00 202,309.00 N/R <br /> Total Cost 1,001,098.45 1,002,555.25 1,034,582.40 1,001,085.00 1,011,545.00 <br /> 7-Year Lease Purchase <br /> Annual Interest Rate 2.430% 2.370% 4.140% 2.430% 2.665% <br /> Annual Payment 148,884.57 148,544.28 156,205.80 148,882.00 150,219.00 N/R <br /> Total Cost 1,042,191.99 1,039,809.96 1,093,440.60 1,042,174.00 1,051,533.00 <br /> 10-Year Lease Purchase <br /> Annual Interest Rate 2.780% 2.9709'0 4.500% 2.780% 3.249% <br /> Annual Payment 109,872.97 110,946.88 117,880.44 109,870.50 112,536.00 N/R <br /> Total Cost 1,098,729.70 1,109,468.80 1,178,804.40 1,098,705.00 1,125,360.00 <br />
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