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CITY OF COLTON <br />AGENDA REPORT <br />FOR COUNCIL MEETING OF <br />(CONTINUED) <br />September 17, 1991 <br />SUBJECT: EQUIPMENT LEASE -PURCHASE AGREEMENT <br />EXECUTED BY MOTOROLA COMMUNICATIONS AND ELECTRONICS INC. <br />FISCAL IMPACT: <br />The total cost of the contract will be $177,320.20. There will <br />be five (5) equal annual payments of $35,464.04. The first <br />payment will be due November 1, 1992. <br />RECOMMENDATION: <br />Staff recommends that Council authorize the City Manager to <br />execute the attached lease purchase agreement. <br />CITY MANAGER'S CONCURRANCE S <br />V <br />DG: ms <br />Page 2 of 2 Item No <br />