06/14/2016 Resolutions 2016-142RESOLUTION 2016-142
WHEREAS, the City of Grand Island City Council approved Resolution No. 2016-65,
which allowed for the lease purchase of a new motor grader from Murphy Tractor of Grand Island,
Nebraska for the Streets Division of the Public Works Department; and
WHEREAS, such lease purchase provided for the amount of $213,600.00 to be
financed by John Deere Finance for five (5) annual payments of $45,732.02, for a total repayment
amount of $228,611.20; and
WHEREAS, Resolution No. 2016-65 incorrectly stated the first payment of
$45,732.02 being due November 10, 2017; and
WHEREAS, due to delayed delivery of the piece of equipment the five (5) annual
installments have been adjusted to $45,722.02, as well as the due date of the first payment to
November 25, 2016.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the amendment of Resolution No. 2016-65 is
hereby approved to correct the five (5) annual installments to $45,722.02, with the first installment to
be paid on November 25, 2016.
Adopted by the City Council of the City of Grand Island, Nebraska, June 14, 2016.
Attest:
RaNae Edwards, City Clerk
.1 . � _ .!� .�_
� �, , ,:l�
Approved as to Form II
June 13, 2016 tt ity rney