HomeMy Public PortalAbout1984_12_12_R237The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED December 12, 1984
84-237 ADOPTED December 12, 1984
AUTHORIZING THE PROCUREMENT OF A MOTOR GRADER
WHEREAS, on November 12, 1984, the Town of Leesburg accepted sealed bids
on the purchase of a motor grader to be used in the Street Maintenance Division
of the Public Works Department; and
WHEREAS, subsequent to acceptance of bids the town has fully evaluated all
quotations received and has had the opportunity to inspect and witness the equip-
ment in operation and has determined that the Fiat-Allis Model 65-B motor grader
quoted by Bemiss Equipment Corporation of Richmond, Virginia at a price of
$43,785 is the piece of equipment that will most effectively meet the town's needs.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
SECTION I. The manager shall execute a purchase order with the Bemiss
Equipment Corporation of Richmond, Virginia for the acquisition of a Fiat-Allis
Model 65-B motor grader for a price of $43,785.
SECTION II. The manager is also authorized to execute a lease/purchase
contract with Sovran Leasing Corporation of Richmond, Virginia for the purchase
of the motor grader under the following terms:
(a)
(b)
(c)
PASSED this
A down payment of $10,000 will be made charging Account No. 4102.300.
The $33,785 remaining balance will be financed over a 36-month period
at 9.5% interest per annum for total financing cost of $38,494.80.
The total acquisition cost of the equipment will be $48,494.80.
12th
day of December
ATTEST ..
Clerk of C~.~n¢il
t/
, 1984. _
Robert E. Sevil~, Mayor
Town of Leesburg