HomeMy WebLinkAboutM1992-178 - 07/21/1992Motions - 7/21/92
Motion authorizing the acquisition of a five cubic yard loader from Holt Company
of Texas, Corpus Christi, Texas; authorizing execution of a five-year lease, with
purchase option, by and through Caterpillar Financial Services Corporation with an
annual interest rate of 6.5%; and authorizing a five-year full maintenance agreement
with Holt Company of Texas:
Principal $121,772
Interest 30.748
$152,520
Maintenance 86.100
$238,620
Purchase Option 31.980
Total $270,600
The equipment is a replacement unit for the Solid Waste Services Department in the
landfill operation. The option to purchase is subject to the approval of the City
Manager or his designee. The contracts are in accordance with Bid Invitation No.
BI-0190-92 and based on low bid.
M92-178 aI i:ILM[