1987-016RESOLUTION NO. 87-16
WHEREAS, it is essential in order to
have safe streets in the City of South -
lake, Texas, to have a Street Department;
and,
WHEREAS, Fiscal Year 1987 allowed for funds
to purchase or lease street equipment;
and,
WHEREAS, bids were received for a used
gradall (Hydralic Excavating Machine);
now,
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SOUTHLAKE, TEXAS, THAT:
A lease/purchase contract for a Gradall (used Hydraulic
Excavating Machine) was approved for twenty-four (24)
months, with $15,000. down payment and monthly payments
of $1,845.80 each.
PASSED AND APPROVED THIS THE 10th day of March, 1987.
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ATTEST:
4Sandra 'L . XL /ra
City Secretary