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• • <br /> <br /> <br />MEMORANDUM <br />May 12, 1983 <br />T0: Mayor and City Council <br />FROM: Jack Owen <br />SUBJECT: Lease-Purchase for Aerial Fire Truck <br />First City Bank and Bayshore National Bank .were contacted <br />for interest rate quotes for the lease-purchase of the aerial <br />fire truck. First City quoted a floating rate of 627 of prime <br />and a fixed rate of 8.75;. Bayshore National quoted a fixed <br />rate of 7.57. <br />I recommend the fixed rate of 7.5~ quoted by Bayshore <br />National Bank. <br />ack Owen <br />JO/cb <br />• <br />