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<br />ORDINANCE NO. 581 <br /> <br />AN ORDINANCE PROVIDING FOR THE ADOPTION <br />OF LEASE-PURCHASE AGREEMENTS WITH THE <br />FIRST NATIONAL BANK OF ENGLEWOOD FOR TWO <br />1978 CHEVROLET PICKUP TRUCKS AND ONE 1978 <br />CHEVROLET DUMPTRUCK. <br /> <br />WHEREAS, the City of Louisville is in need of two new pickup trucks <br /> <br />and one new dumptruck for city maintenance purposes, and, <br /> <br />WHEREAS, the City, after receiving various bids for the lease-purchase <br /> <br />of said equipment, decided to lease the needed vehicles from the First <br /> <br />National Bank of Enqlewood j' <br /> <br />NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> <br />CITY OF LOUISVILLE, COLORADO: <br /> <br />SECTION I. Pursuant to the authority granted in Title 31, Article <br /> <br />IS, Colorado Revised Statutes, 1975 Supplement, the respective officials <br /> <br />of the City of Louisville on behalf of the City are hereby authorized to <br /> <br />enter into a lease-purchase agreement with the First National Bank of <br /> <br />Englewood, Englewood, Colorado, for the leasing of two pickup trucks <br /> <br />and one dump truck under the following terms and conditions: <br /> <br />a) To lease two 1970 Chevrolet pickups for a period of two (2) <br />years at a monthly payment of $447 . 57 with the right to <br />purchase said vehicle for the sum of one dollar at the end <br />of the lea se term; and <br /> <br />b) To lease one 1978 Chevrolet dumptruck for a period of three <br />(3) years at a monthly payment of $379.08 with the right to <br />purchase said vehicle for the sum of one dollar at the end <br />of the lease term. <br /> <br />SECTION 2. A copy of these lease-purchase agreements is on file <br /> <br />in the Office of the City Clerk and may be inspected by interested parties. <br /> <br />INTRODUCED, READ, AND ORDERED PUBLISHED this ~ day of ,:f-"bhu..('Jc(j- <br />1978. 12 <br /> <br />I \r) [ I ( ~~<//'/dJ <br /> <br />ATTEST: l(!La..J), ~~ .' Mayor <br />City Clerk <br />ADOPTED AND APPROVED, after proper publication, on second and final <br /> <br />reading thi s ~ ~ da y of Yn l1.h ~.k , 1978. <br /> <br />i:2T: <br />. . /;LaJ. )) -Mt'. <br /> <br /><lI~~1. <br /> <br />11 Mayor <br /> <br />City Clerk <br />