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I <br />• <br />• <br />• Minutes, Regular Meeting, La Porte City Council <br />July 18, 1984, Page 5 <br />14. Council considered a resolution for authorizing a lease-purchase <br />agreement funding for La Porte Area Ambulance Corps. <br />Mr. Herrera stated the ambulances had been authorized on June <br />13 and were scheduled for delivery in late July or early- to <br />mid-August. The total cost is estimated to be $85,000. Staff <br />recommends a lease-purchase agreement whereby the City of <br />La Porte will borrow from a bank on a promissory note with a <br />three year pay out and an interest rate of 8.6$. The City <br />will then lease the equipment to the La Porte Area Ambulance <br />Corps at a monthly fee of $2,600 for 36 months. <br />City Attorney Askins read: RESOLUTION 84-7 - A RESOLUTION <br />AUTHORIZING THE CITY OF LA PORTE TO BORROW THE SUM OF EIGHTY- <br />F1VE THOUSAND AND NO/100 DOLLARS ($85,000), FOR THE PURCHASE <br />OF THREE AMBULANCES, WHICH PROMISSORY NOTE SHALL BE ISSUED <br />UNDER THE AUTHORITY OF THE TEXAS PUBLIC PROPERTY FINANCE ACT, <br />AND SHALL BE SECURED BY THE FULL FAITH AND CREDIT OF THE CITY <br />OF LA PORTE. <br />Motion was made by Councilperson Westergren to adopt Resolution <br />84-7 as read by the City Attorney. Second by Councilperson <br />• Skelton. The motion carried, 8 ayes and 0 nays. <br />Ayes: Councilpersons Skelton, Westergren, Malone, Longley, <br />Matuszak, Graves, Gay and Mayor Cline <br />Nays: None <br />15. Council considered approving a contract with Carlos Smith for <br />engineering services for the restoration of the Carter Trust <br />property. <br />Mayor Cline inquired if anyone had received word regarding the <br />purchase of this property. Mr. Hodge reported they have asked <br />for a letter but it has not been received as yet. He had been <br />in telephone contact with FEMA, and was informed that under <br />their guidelines they are not allowed to fund any purchase of <br />any rights-of-way and/or property or lands. <br />Councilperson Matuszak inquired if we had received a request <br />from the Carter Trust to restore the property. .City Attorney <br />Askins reviewed the events leading up to the present action, and <br />stated it will be carried on the City of La Porte books as <br />"hurricane damage" in order that the City can attempt to recover <br />75$ of the cost from FEMA. After the figures are complete and <br />the bid is let, a formal settlement agreement and release will <br />be drawn up between the City of La Porte and the owner. <br /> <br />• <br />