ORD 1991-04 - Approving C.O.'s For A New 1991 Roll-Off Truck $78,786.00 Barret White GMC 03-28-1991ORDINANCE NO. 91-
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF
CERTIFICATES OF OBLIGATION FOR A NEW 1991 ROLL -OFF
TRUCK; AND CONTAINING OTHER PROVISIONS RELATED HERETO.
WHEREAS the City Council of the City of Huntsville, Texas, (City), published
notice of intention to issue Certificates of Obligation for a new
1991 roll -off truck on November 13, 1990, and November 20, 1990; and
WHEREAS the City Council of the City on December 4, 1990, by Ordinance No.
90 -30, found that it was advisable for the City to purchase one new
1991 roll -off truck and that Certificates of Obligation be issued by
the City for all or any part of the cost of same; and
WHEREAS the City awarded a contract to Barrett White GMC in the amount of
$78,786.00 as the lowest and best bid for the purchase of the new
1991 roll -off truck; and
WHEREAS the City Council wishes to authorize payment thereof and delivery of
the Certificates 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 Barrett White GMC the sum of
$78,786.00.
Section 2: The Certificates of Obligation herein authorized to be delivered
shall bear interest at the rate of 7.19% per annum from date of
initial delivery shown on the face of such certificate.
Section 3: There shall be executed and delivered to Barrett White GMC a
Certificate of the City of Huntsville, Texas, Equipment Acquisition
Certificate of Obligation, dated March 28, 1991, in the principal
amount of $78,786.00. The City Manager is directed and authorized
to pay the contractor the difference between the Certificates issued
and the contract amount from current budget funds.
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 28th day of March, 1991.
CITY OF HUNTSVILLE, TEXAS
W. H. Hodges,
APPROVED:
Scott Bounds, City Attorney