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HomeMy WebLinkAbout1994-007 1 2 :I 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO.94-7 RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A LEASE PURCHASE AGREEMENT TO ASSOCIATES COMMERCIAL CORPORATION FOR THE FINANCING OF SIX (6) EACH, AUTOMATED SIDE LOADING REFUSE TRUCK CAB AND CHASSIS AND BODIES, TO BE UTILIZED BY THE PUBLIC SERVICES DEPARTMENT IN ACCORDANCE WITH BID SPECIFICATION F-94-06. BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO A FOLLOWS: SECTION 1. That Associates Commerical Corportion is the lowest and best responsible bidder for the financing of six (6) each, automated side loading refuse truck cab and chassis and bodies in accordance with Bid Specification F-94-06 for the total amount of $767,360.60 at 5.04% interest payable six (6) months in arrears over five (5) years; pursuant to this determination, the Purchasing Agent is hereby authorized and directed to issue a Lease Purchase Agreement for said financing of six (6) each, automated side loading refuse truck cab and chassis and bodies to said lowest and best responsible bidder; such award shall only be effective upon the issuance of a Lease Purchase Agreement by the Purchasing Agent; and all other quotations therefor are hereby rejected. SECTION 2. The authorization to execute the above referenced Lease Purchase Agreement is rescinded if the parties to the agreement fail to execute it within sixty (60) days of the passage of this resolution. I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I 11-15-93 -1- I 94-7 RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A LEASE PURCHASE AGREEMENT TO ASSOCIATES COMMERCIAL CORPORATION FOR THE FINANCING OF SIX (6) EACH, AUTOMATED SIDE LOADING REFUSE TRUCK CAB AND CHASSIS AND BODIES, TO BE UTILIZED BY THE PUBLIC SERVICES DEPARTMENT IN ACCORDANCE WITH BID SPECIFICATION F-94-06. 1 2 3 4 5 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor and Common Council of the city of San 6 adjourned Bernardino at a regular meeting thereof, held on the 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 day of Januarv 10th the following vote, to wit: Council Members: AYES x NEGRETE x CURLIN x HERNANDEZ x OBERHELMAN x DEVLIN x POPE-LUDLAM x MILLER , 199~, by NAYS ABSENT ABSTAIN C(~~ycg The foregoing resolution is hereby approved this -1 ~-\:.h.. day of Januarv , 199~. _____ i /1 I t ----. / (';'Iv., l!{ ({!-f''\.... / ,7 Approved as to form and legal content: James F. Penman, City Attorney BY:~~'~ ./ . 11-15-93 Tom Minor, Mayor city of San Bernardino -2-