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HomeMy WebLinkAboutResolution 1989-035 RESOLUTION NO. 89-35 WHEREAS, the City Council finds that it is necessary to purchase an Olathe Model 182, 20 H. P. Wood Chipper to be used on the Municipal Golf Course (Iron Horse); and WHEREAS, the cost of said wood chipper is $4,995.00; and WHEREAS, the wood chipPer is not an i tern of equip:nent listed on Exhibit "A" of that Special Escrow Deposit Agreement between the City of North Richland Hills and NœB Texas National Bank dated June 1, 1989; and WHEREAS, the City Council finds that it is necessary to expand the list of items on said Exhibit "A" to include the above described wood chipper at a cost of $4,995.00; and WHEREAS, the City Council finds that such addition to said Exhibit "A" is necessary and appropriate and the cost of acquiring the added i tern for $4, 995 . 00 will not cause a shortage of funds in the Escrow Fund for any i tern of property in process of being acquired or purchased and that there are sufficient funds in the Escrow Fund to make this purchase. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the Ci ty of North Richland Hills, Texas that: l. The above findings are adopted. 2. The Ci ty Council exercises its right under the said Special Escrow Deposit Agreement of June 1, 1989 to add the following items of equipnent to Exhibit "A" of said Agreement: One - Olathe Model 182, 20 H.P. Chipper ................... $4,995.00. 3. The Director of Finance of the City is authorized to approve the purchase of such additional property for $4,995.00 and to file the necessary requisition with the Escrow Agent. PASSED AND APPROVED this 14th day of August, 1989. A'ITEST: ~~~ Æ'h:' .J CI SECRErARY - Jeanette Rewis d~~1L~_J MA - Tamny Br APPROVED AS TO FORM AND LEGALITY: k1e~~<