Res 152-2021 Contract Financing Fire Apparatus Signature Public Funding Corp 12/07/2021 Resolution No. 152-2021
Resolution authorizing the City Manager to award bid and contract for
the financing of Fire Apparatus to Signature Public Funding Corp., in
an amount not to exceed $11,165,446.49, to include interest and
principle
WHEREAS, the City has identified the need to replace the Fire Department's front
line apparatus; and
WHEREAS, the current front line fire apparatus has become unreliable and in
efficient; and
WHEREAS, the City of Wichita Falls advertised and requested bids for the
financing of said fire apparatus; and
WHEREAS, it is found that the lowest responsible bidder is Signature Public
Financing, who entered a total bid of$11 ,165,446.49.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The City Manager is authorized to sign and execute contract with Signature Public
Funding Corp. for the purchase of front line fire apparatus, commencing payment on
October 1 , 2023 in the amount of$11 ,165,446.49.
PASSED AND APPROVED this the 7th day of December, 2021 .
el � ��'�'�y'--J
MAYOR
ATTEST:
A774
a.� �. n r
City Clerk