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89-019RESOLUTION 89-19 A RESOLUTION OF ~{E CITY OF SOUTHLAKE, TL73LS, APPROVING LOW BID AND AUTHORIZING THE CITY MANAGER TO E~I'EM INTO A LEASE/PURCHASE AGREE~ENT FOR A LOADER/BACKHOE. DECLAR/NG AN E~'~'EC~IVE DATE. THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ~tE CITY OF SOUTHI2LKE, TEXAS, 5~b~T: Section ]. That the City Council hereby approves the low bid and authorizes the City Manager to enter into a Lease/Purchase Agree3~ent with Case Power & Equipment, in the form attached hereto as E~hibit "A", and authorizes and directs the City Manager to execute and deliver such agr~ment to Case Power & Equipment, on behalf of the city. Section 2. That this Resolution shall be in full force and effect from and after its passage. PASSAGE AND APPROVED THIS TH~ 7th DAY MayI of Southlake