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06-23-1986-Resolution-Resolution Authorizing the Purchase & Financing of a B-7200 E Kubota Tractor and Implements-06/23/1986RESOLUTION AUTHORIZING THE PURCHASE AND FINANCING OF A B-7200 E KUBOTA TRACTOR AND IMPLEMENTS WHEREAS, the City of Sanger had an emergency need to purchase certain mowing equipment for maintenance of its right-of-ways and parks, and, WHEREAS, the City Council of the City of Sanger meeting in Special Called Session did on the 23rd of June, 1986, take action to authorize the purchase of and financing of said tractor and equipment as described above. NOW THEREFORE BE IT RESOLVED that the City Council authorizes the purchase and financing of a B7200E Kubota tractor with a mid - mount 48" Kubota mower and a 48" Rhino Brush Hog rear attachment mower at a total cost of $6,453.00 one third or 2,151.00 to be paid down and the remainder to be financed at 8.5% interest in the amount of $4,302.00 said loan to be paid in four quarterly payments beginning September 24, 1986. ��crl C-ldc�- PASSED AND APPROVED at a reg�larr meeting of the City Council Mayor City Manager ATTEST: ity61 cretary