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RESOLUTION NO.o' 'f <br /> A RESOLUTION authorizing the purchase of a new <br /> computer from a sole source and partially <br /> financing the purchase through an interfund <br /> loan, and repealing Resolution No. 2513 . <br /> WHEREAS, the City is in need of expanded computer <br /> capacity and it is economically advantageous to replace the <br /> City' s Wang VS-80 computer with a Wang VS-85 computer , and <br /> WHEREAS, it has been determined that Wang Laboratories, <br /> Inc . is the sole source of the Wang VS-85 computer , and <br /> WHEREAS, it is in the best interest of the City to <br /> partially finance the cost of the new computer through the use <br /> of an interfund loan, <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of <br /> the City of Everett, that authorization is given to payoff the <br /> purchase agreement on the Wang VS-80 computer at a cost of <br /> $38,884 .11 ; that authorization is given to purchase a Wang <br /> VS-85 computer from Wang Laboratories, Inc. for $87, 938. 50 <br /> less trade-in allowance of $19, 500 . 00 on the Wang VS-80 <br /> computer ; and that authorization is given to the City <br /> Treasurer to make an interfund loan to partially finance the <br /> purchase of the new computer under the following terms and <br /> conditions : <br /> Loan From: Fund 401 - Utilities <br /> Loan To: Fund 505 - Computer Reserve <br /> Amount Authorized: $33,500. 00 <br /> Period of Loan : February, 1985 through <br /> January, 1986 <br /> Rate of Interest : 8. 5% <br /> Repayment Source: Computer Services Department <br /> annual maintenance and <br /> operating budget <br /> Resolution No. 2513 is hereby repealed. <br /> / <br /> /_, /✓ // r„ 4-- <br /> Council Memb PIntroduc ' g Resolution <br /> PASSED AND APPROVED this % qday of February, 1985. <br /> IPP ted <br /> Of if <br /> 111/ <br /> _414. 1, . I1�n_ ....4_ / , I . <br /> � <br /> Ccil President <br />