HomeMy WebLinkAbout1990-OR-34 ORDINANCE NO. 90-OR-~
ORDINANCE REGARDING FINANCING OF POLICE RADIO SYSTEM
WHEREAS, the Common Council of the City of Jeffersonville
has previously indicated that it is necessary for the
Jeffersonville Police Department to upgrade its communication
system through the purchase of a new radio system; and,
WHEREAS, the Common Council of the City of Jeffersonville
has been discussing for some time the various methods of
financing this municipal improvement; and,
WHEREAS, the Jeffersonville Board of Public Works and
Safety has advertised for bids from financial institutions for
financing of the balance of the radio system;
lease-purchase
and,
WHEREAS, it appears that it is now necessary to utilize
such lease-purchase financing in the amount of one hundred
fifty thousand dollars ($150,000.00) as the City of
Jeffersonville has on hand the funds necessary to defray the
balance of the approximately two hundred thousand dollar
($200,000.00) purchase of radio system equipment.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of
the City of Jeffersonville that it hereby approves the
lease-purchase financing of the new Police Radio System and
console in the approximate amount of one hundred fifty
thousand dollars ($150,000.00).
BE IT FURTHER ORDAINED that the Common Council recognizes
that the Jeffersonville Board of Public Works and Safety has
received bids for such financing and has determined that the
lowest and best bid submitted for such financing was by
Liberty National Bank and Trust Company of Indiana. The
Common Council therefore specifically approves the
lease-purchase financing of the Jeffersonville Police Radio
System in the approximate amount of one hundred fifty thousand
dollars ($150,000.00) with this financial institution.
This Ordinance shall be in full force and effect upon its
timely passage, promulgation and approval by the'Mayor.
Passed and adopted by the Common Council of the City of
Jeffersonville, Clark
. , 1990.
ATTEST:
County, Indiana, ~ on the
day of
C. RICHARD SPEN~R, J~w/
CLERK-TREASURER/
City
1990.
This
day of
Presented by me as Clerk-Treasurer to the Mayor of said
of Jeffersonville this / day of ~,. __,
Ordinance
CLERK-TREASURER
approved and signed by me this
1990.