Resolution 84-84-09-10
RESOLUTION 1984-84-09-10
A RESOLUTION OF THE CITY OF WYLIE, TEXAS, AUTHORIZING THE LEASE
PURCHASE AGREEMENT WITH BORG-WARNER LEASING FOR TWO GROUND STORAGE
TANKS.
WHEREAS, The City of Wylie has purchased from Sea1stor, two ground
storage tanks in the amount of $179,112.00.
WHEREAS, the City Council of the City of Wylie has expressed the
desire to finance the two ground storage tanks with Borg-Warner Leasing
at 11.25% interest, and,
WHEREAS, the monthly payments due will be $3,061.72 for eighty-four
months, and,
NOW THEREFORE BE IT RESOLVED: THAT MAYOR JOHN W. AKIN AND THE
CITY COUNCIL OF THE CITY OF WYLIE grant authority to sign agreement
for the lease purcahse of two ground storage tanks with Borg-Warner
Leasing, with 84 monthly payments.
PASSED AND APPROVED, THIS THE 9TH DAY OF OCTOBER, 1984.
ATTEST: