HomeMy WebLinkAboutOrdinance 1864
ORDINANCE NO. 1864
WHEREAS, the City Council has received sealed bids for
the lease/purchase financing of municipal equipment for use by the
City; and
WHEREAS, after reviewing all sealed bids the city Council
finds that GE Capital Public Finance, Inc. is the lowest
responsible bidder and in fact is the lowest bidder with an APR of
5.44% over a five year period with monthly payments of $22,429.22.
NOW, THEREFORE BE IT ORDAINED by the city Council of the
City of North Richland Hills, Texas, that:
1.
The attached bid of GE Capital Public Finance, Inc. be and is
hereby accepted.
2.
This ordinance shall constitute the evidence of
indebtedness of the city for payment of the obligation imposed by
acceptance of the low bid for financing said municipal equipment.
The obligation is secured by the City's pledge of Ad Valorem
Property Tax, utility Enterprise Revenue and Donations sufficient
to meet the obligation and said obligation shall not be payable
from revenues budgeted for current maintenance and operating
expenses and shall be payable solely from Property Ad Valorem Tax
Revenues, utility Enterprise Revenues and Donations necessary to
discharge this obligation be, and are hereby, appropriated for
payment of said obligation.
3 .
The first payment shall be made on February 25, 1993.
PASSED AND APPROVED this 25th day of January, 1993.
M~ l(f'~
AFEST: ,d, J
(~f7~ ~
C~' Secretary
APPROVED AS TO FORM AND LEGALITY:
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NiOfø-<W""8l.reHt;:AR ING
LEGAL AFFIDA V
,~f.~!~land Hills,
PMc·:,,~¡~~~~:~
" "IA, ç_SW~,_tract 321,
from its, presen zoning cI.assification of AG Agri-
culture to R-2 Single Family Residential. This prop-
erty is located in the 7500 block of Starnes Road.
This Hearing will be held at 7:30 p.m. in the Council
Chambers, 7301 Northeast Loop 820, North Ri<:hland
"'"lis, Texas. This is Case No. PZ 93-29.
Tommy Brown, Mayor
City of North Richland Hills, Texas
THE STATE OF TEXAS:
COUNTY OF TARRANT
MCN CPN 1087
PUB: 01/09/M
Before me, the undersigned authority on this day personally ap-
peared RHONDA THOMPSON known to me to be a credible person, who
first being sworn, deposed and upon her oath said:
That she is the C.L.A.R. of the MID CITIES NEWS ,anewspa~
per which has been regularly and continuously published and of general
circulation in the City/Town of N. RICHLAND HILL~ for a period of
more than one year next preceding the first publication of the attached
LEGAL AD
and that he caused said notice to be published in
said newspaper on the following date(s). / /q /q~'
That the attached is a true and correct copy of said notice as
published on said date(s) in said NEWSPAPER
/2h fJ71i1$.. r:--]h g7H,P ~&--
before me, this the i D day of ~^'--
Sworn to and subscribed
19!1i.
~f\~OT'- \\nç:NY\O~"
~---.J Notary Public,
-- TARRANT County, Texas