HomeMy Public PortalAbout1995_09_12_R183The Town of
Leesburg,
Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED September 12~ 1995
95-183 ADOPTED September 12, 1995
AUTHORIZING AN EQUIPMENT LEASE/PURCHASE FINANCING
AGREEMENT WITH FIRST UNION NATIONAL BANK OF VIRGINIA
WHEREAS, the budget for fiscal year 1996 provided for the lease/purchase of equipment
such as police cars, pick-up and dump trucks, and mowers; and
WHEREAS, an Invitation for Bids was released to various financial institutions seeking bids
for the equipment lease/purchase; and
WHEREAS, on August 31, 1995, bids were received from five financial institutions in
response to the IFB; and
WHEREAS, it was determined that the bid received from First Union National Bank of
Virginia met all conditions of the IFB and was the lowest responsive and responsible bid received;
and
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that the
manager is authorized to execute an equipment lease/purchase agreement with First Union National
Bank of Virginia at an annual cost of $91,100.81.
PASSED this 12th day of September ,1995.
Jaj~es E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council
R:Lease. Equip.