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RESOLUTION NO. R2015-111 <br /> RESOLUTION AUTHORIZING THE CITY MANAGER <br /> TO ENTER INTO AN AGREEMENT WITH BUSEY BANK TO LEASE PURCHASE <br /> TEN (10) 2016 FORD POLICE INTERCEPTOR MID SIZE UTILITY 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 24-month lease <br /> purchase agreement with Busey Bank, to purchase ten (10) 2016 Ford Police Interceptor Mid Size Utility <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 1.50%, the quarterly payments will be $36,194.79 <br /> and the total cost over two years will be$284,732.48. <br /> PRESENTED and ADOPTED this 21 S`day of September, 2015. <br /> �' �� � � <br /> , � <br /> JU OORE WOLFE, MAYOR <br /> ATTEST: <br /> f ��L� <br /> CITY CLER I <br /> � <br />