ORD 1999-13 - C.O. For 99 Diesel Truck 05-25-1999ORDINANCE NO. 99-13
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION FOR A NEW AND UNUSED 1999
DIESEL MEDIUM DUTY TRUCK CAB AND CHASSIS; AND CONTAINING
OTHER PROVISIONS RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas, by Ordinance No. 98-28, found
that it was advisable for the City to purchase a 1998 or newer diesel medium duty
truck cab and chassis and that Certificates of Obligation be issued by the City for all
or any part of the cost of same; and
WHEREAS the notice for the action to issue Certificates of Obligation was published at the times
and in the manner required by law; and -
WHEREAS the City awarded a contract to Knapp Chevrolet, in the amount of $34,900.00 as the
lowest and best bid for the purchase of the 1999 diesel medium duty truck cab and
chassis; and
WHEREAS , the City Council wishes to authorize payment thereof and delivery of a Certificate
of Obligation.
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
HUNTSVILLE, TEXAS, that:
SECTION 1: There is now due and owing to Knapp Chevrolet, the sum of $34,900.00.
SECTION 2: The Certificate of Obligation herein authorized to be delivered shall bear interest at
the rate of 4.499% per annum from date of initial delivery shown on the face of such
certificate.
SECTION 3: There shall be executed and delivered to Knapp Chevrolet, a City of Huntsville,
Texas, Equipment Acquisition Certificate of Obligation, dated December 15, 1998,
and issued May 25, 1999.
SECTION 4: The Mayor, City Secretary and other appropriate City officials are hereby authorized
and directed to deliver the Certificate and to do any and all things necessary or
convenient to carry out the terms of this ordinance.
INTRODUCED, READ AND PASSED by the unanimous vote of the City Council of the City of
Huntsville, on this the 25th day of May, 1999.
CITY OF HUNTSVILLE, TEXAS
William B. Green, Mayor
Danna Welter, City Secretary
APPROVED AS TO FORM:
Paul C. Isharn, City Attorney
CITY OF HUNTSVILLE
$34,900 -1999 Medium duty diesel truck
RECAP OF BIDS RECEIVED
BIDDER
INTEREST RATE
TOTAL OF PAYMENTS
T W Keeland
4.499%
$38,825.38
Curtis Wells
4.8%
$39,088.00
Robert B Gross
5.9%
$40,047.75
Professional Leasing Group
6.27%
$40,536.76
First National Bank
7.50%
$41,443.75
GE Capital Public Finance Inc
No Bid
Carlyle Capital Markets Inc
No Bid
Steve Johnson, Bank One Leasing
No Bid
Koch Financial Corporation
No Bid