HomeMy WebLinkAboutM1991-314 - 11/26/1991Motions - November 26, 1991
Motion authorizing the acquisition of six recycler dump trucks at a unit price of
$42,817.25 and five brush trucks at a unit price of $28,954.55 for a total of
$401,676.25 from Power Equipment International, Corpus Christi, Texas, on the bases
of low bids and authorizing execution of a lease-purchase agreement by and through
Associates Commercial Corporation, lrving, Texas. The term of the lease-purchase
agreement is five years at an annual interest rate of 7.04%, plus a unit purchase price
of $1 per vehicle at the end of the five-year period. Total purchase price is
$477,686.27, including principal at $401,676.25, interest at $75,999.02, and buy-out at
$11.
M91-314