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<br />ORDINANCE NO. 582 <br /> <br />AN ORDINANCE PROVIDING FOR THE ADOP- <br />TION OF' THE LEASE-PURCHASE AGREEMENT <br />WITH ARNOLD BROTHERS FORD FOR ONE <br />1978 FORD LTD. <br /> <br />WHEREAS I the City Council of the City of Louisville has determined <br /> <br />that there exists a need to purchase a new car for the City Administrator, <br /> <br />and, <br /> <br />WHEREAS, after receiving various bids for the lease-purchase of said <br /> <br />automobile, the City has decided to lease the needed vehicle from Arnold <br /> <br />Brothers Ford, <br /> <br />NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> <br />CITY OF LOUISVILLE, COLORADO: <br /> <br />SECTION 1. Pursuant to the authority granted in Title 31, Articles <br /> <br />15, Colorado Revised StatutE~s, 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 Arnold Brothers Ford of Boulder, <br /> <br />Colorado, for the lease-purchase of one 1978 Ford LTD for a period of two <br /> <br />years at a monthly payment of $294.75 with the right to purchase said <br /> <br />vehicle for the sum of $1.00 at the end of the lease term. <br /> <br />SECTION 2. A copy of this lease-purchase agreement is on file in <br /> <br />the office of the City Clerk and may be inspected by any interested parties. <br /> <br />INTRODUCED, READ, AND ORDER PUBLISHED this j":!- day of <br />Thl1h..cL , 19'78. <br /> <br />~~u/ <br /> <br />Mayor <br /> <br />ADOPTED AND APPRO~ after proper publication, on second and final <br />reading this rl/S;Y day of JJ ~ Ju!L- , 1978. <br /> <br />9.t!?;1~L <br /> <br />, Mayor <br /> <br />A~J9T: ( <br />ch-;;w~y] ~jJ <br /> <br />City Clerk <br />