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HomeMy WebLinkAboutM1991-206 - 07/23/1991Motions - 7/23/91 16. Motion authorizing the City Manager to execute a five-year lease purchase agreement, by and through IBM Credit Corporation, and authorizing the Purchasing Agent to execute such security instruments, UCC Statements and other such instruments as required by such lease purchase agreement. The equipment will be purchased on a five-year lease purchase plan at 6.82 percent per annum. Including interest, the total price for the UPS is estimated at $121,740. M91-206