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RESOLUTION NO. <br /> RESOLUTION AUTHORIZING CITY OF DECATUR TO ENTER INTO PURCHASE <br /> AGREEMENT FOR PURCHASE OF THREE (3)FIRE APPARATUS FROM <br /> MACQUEEN EMERGENCY,AND <br /> AGREEMENT FOR DEBT FINANCING OF APPARATUS <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City of Decatur, through the Houston/Galveston Area Council (H- <br /> GAC) is authorized to acquire three(3)Pierce Fire Apparatus from MacQueen Emergency, St. <br /> Paul, Minnesota at a net acquisition price not to exceed$2,325,000.00 and a purchase order is <br /> authorized to be awarded accordingly. <br /> Section 2. That the City of Decatur is authorized to enter into a debt financing arrangement <br /> for the acquisition of the new apparatus with a not to exceed principal amount of$2,325,000.00, <br /> at a not to exceed interest rate of 6.50%, for a financing term not to exceed seven(7)years. <br /> Section 3. That the City Council hereby authorizes the City Manager the authority to enter <br /> into the contract to acquire the fire apparatus from MacQueen Emergency, St.Paul,Minnesota and <br /> to enter into the debt financing arrangement at the not to exceed levels as defined in Section 2. <br /> PRESENTED and ADOPTED this 7th day of August 2023. <br /> r <br /> LISAG GORY, MA RO TEM <br /> ATTEST: <br /> lr�v" OWL) <br /> CITY CLERK <br />