ORD 1981-57 - CO Refuse TruckORDINANCE NO. 81-57
AN ORDINANCE APPROVING CLAIM AND DELIVERY OF CERTIFICATES
OF OBLIGATION; AND CONTAINING OTHER PROVISIONS RELATED
HERETO.
WHEREAS the City Council of the City of Huntsville, Texas (City), by Ordinance
No, 81-56, found that it was advisable for the City to purchase a front
loading refuse truck - cab chassis and packer body and that Certificate
of Obligation be issued by the City for all or any part of the cost of
same; and
WHEREAS the notice for said action was published at the times and in the
manner as required by law; and
WHEREAS the City awarded a contract to Environmental Sales and Service (Con-
tractor) in the amount of $85,659.00 as the lowest and best bid for the
purchase of said front loading refuse truck - cab chassis and packer body;
and
WHEREAS the City Council wishes to authorize payment thereof and delivery of
said 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 the Contractor the sum of
85,659.00.
Section 2: The Certificate of Obligation herein authorized to be delivered
shall bear interest at the rate of 11.5% per annum from date of initial
delivery shown on the face of such Certificate.
Section 3: There shall be executed and delivered to said Contractor a certi-
ficate of the City of Huntsville, Texas, Equipment Acquisition Certificate
of Obligation, dated October 7, 1981, in the amount of $84,000.00.
Section 4: The City shall additionally pay to Contractor $1,659.00 from
Sanitation Contingency funds.
Section 5: The Mayor, City Secretary and other appropriate City officials
are hereby authorized and directed to deliver said 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, Texas, on this the 1st day of December, 1981.
APPROVED AS TO FORM:
J-A(
Scott Bounds, City Attorney
WIL IAM NA , Mayor