HomeMy WebLinkAboutRES 23-376RESOLUTION NO, 23-376
BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF BEAUMONT:
WHEREAS, on November 2, 2021, Council approved the purchase of one (1) Pierce
Enforcer Fire Pumper Truck in the amount of $713,3 15.00; and,
WHEREAS,,, bids were requested for a fixed interest rate to finance the truck with the first
annual payment in arrears following the purchase of the truck which was on August 18, 2023;
and,
and,
WHEREAS, the total lease purchase cost including interest of 6.02% is $847,152,80;
WHEREAS, bids were received for a five (5) year lease purchase agreement for the lease
purchase of a Pierce Enforcer Fire Pumper Truck; and,
WHEREAS, KS State Bank, of Manhattan, Kansas, Submitted a bid at a fixed interest
rate of 6.02%; and,
WHEREAS, the City Council is of the opinion that the bid submitted by KS State Bank,
of Manhattan, Kansas, is in the best interest of the city of Beaumont and should be accepted;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY CIOUNCIL OF THE CITY OF BEAtJMONT:
THAT the statenients and findings set out in the preamble to this resolution are hereby, in
all things, approved and adopted; and,
THAT the bid submitted by KS State Bank, of Manhattan, Kansas, for a five (5) year
lease purchase agreement at a fixed rate of 6.02% and a total lease purchase cost of $847,152.80,
as shown on Exhibit "A,"' attached hereto, for the lease purchase of a Pierce Enforcer Fire
Pumper Truck, be accepted by the City of Beauniont; and,
THAT the City Manager be and he is hereby authorized to execute a five (5) year lease
agreement with KS State Bank, of Manhattan, Kansas, sustainably on the form attached hereto as
Exhibit "B," for the purposes described herein.
The meeting at which this resolution was approved was in all things conducted in strict
compliance with the Texas Opeu Meetings Act, "Texas Government Code, Chapter 551.
PASSED BY THE CITY COUNCIL of the City of
December, 2023.
this the 12th day of
yor Roy West -
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