Ordinance 1976-39 FHD:GKH
ORDINANCE NO. 1..7 74
AN ORDINANCE FOR THE LEASE OF PUMP AND MOTOR
FOR DEEP WELL NO. 4
WHEREAS, it is necessary for the public health
to expand the water supply system of the UNITED CITY OF
THE VILLAGE OF YORKVILLE; and
WHEREAS, Layne-Western Company, Inc. , after
submitting a written bid, the same being the low bid
for the furnishing of a pump, motor and other specified
equipment for Deep Well No. 4 in the UNITED CITY OF THE
VILLAGE OF YORKVILLE, has agreed to lease said pump, motor
and other equipment on a furnished and installed basis
to the UNITED CITY OF THE VILLAGE OF YORKVILLE.
NOW THEREFORE, BE IT ORDAINED by the City Council
of the UNITED CITY OF THE VILLAGE OF YORKVILLE that the
Mayor and Clerk be and they are hereby empowered to execute
the attached Lease Agreement for the lease of a pump and
motor for Deep Well No. 4 for a term not to exceed 24
months , upon the terms and at the rental price as specified
in said rental agreement, a copy of which is attached hereto,
marked Exhibit "A" and made a part hereof.
BE IT FURTHER ORDAINED that the Mayor and Clerk
97 - 1974
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shall execute said Lease agreement, attached hereto as
Exhibit "A" , within thirty (30) days from the date of
this Ordinance and to take such other and further steps
as may be required to secure possession or use of the
equipment, motor and pump, as specified therein.
This Ordinance shall be in full force and effect
from and after its passage.
PASSED this , day of
A.D. 1976 . ,
City gerk
SIGNED and APPROVED this day of- ,
A.D. 1976 .
Mayor
-2-
Lao ne-Nestern Conwan , h7c .
WATER SUPPLY SERVICES
acne
WATER WELLS • LAYNE PUMPS • TEST DRILLING • WATER TREATMENT EQUIPMENT
,. 721 West Illinois Avenue ° Aurora, Illinois 60507 • AC 312 897-6941
September 8, 1976
City of Yorkville
Yorkville,
Illinois
RE: Payment - Contract for Furnishing and Installing
Pump and Motor for Deep Well No. 4
�ntlemen:
In accordance with our recent meeting with you, the following agreement has
been reached regarding payment for the work we are to do for you under
contract for Furnishing and Instaling Pump and Motor for Deep Well No. 4.
The City is to pay Layne-Western Company $120000.00 within 30 days after
Installation of the pump and motor in Well No. 4. The balance is to be paid
in monthly payments over a 2 year period. `here will be 24 equal monthly
payments of $1,590.05 each. This would make the total amount of the contract
$50,161.25.
Should the City be capable of paying the balance in less than 2 years, then
an amount would be deducted from the total due. If this were the case, them
the amount to be deducted would be $104.01 per month times the number of
months less than 24 required to make full payment of the balance.
If you find this payment elan acceptable, please sign and return one copy
of this letter to us for our files.
Very truly yours,,
YNE-WESTERN COMPANY, INC
ACCEPTED BY THE CITY OF yop"ILLE:
By:
M. W. Murphy
Title:
MWM:ka
Enclosure
Date:
KANSAS CITY WiCMITA GARDEN CITY OMAHA AMES AURORA ' ST. LOUIS DENVER.
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