HomeMy WebLinkAboutRES 05-113 RESOLUTION NO. 05-113
WHEREAS, City Council approved Resolution Numbers 05-011 and 05-012 on
January 11, 2005 to purchase one (1) Caterpillar Model 725 articulated dump truck and
one (1) Gradall Model XL3100 and Resolution Number 05-027 on January 25, 2005 to
purchase one (1) Komatsu PC220LC-7; and,
Whereas bids were received for a five (5) year financing agreement with a fixed
interest rate to pay for the above-referenced equipment; and,
WHEREAS, Chase Equipment Leasing Corporation, Columbus, Ohio, submitted a
five (5) year financing agreement with a fixed interest rate of 3.26%; and,
WHEREAS, City Council is of the opinion that the bid submitted by Chase
Equipment Leasing Corporation, Columbus, Ohio, should be accepted;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the five (5) year financing agreement with a fixed interest rate of 3.26% submitted
by Chase Equipment Leasing Corporation, Columbus, Ohio, to pay for above-referenced
equipment be accepted by the City of Beaumont.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 10th day of May,
2005. � � �®�
IV
MA�or Evelyn M. Lord -
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