HomeMy WebLinkAbout1992-063
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RESOLUTION NO. 92-63
RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A FINANCING
SCHEDULE TO MUNICIPAL LEASING CORPORATION FOR THE FINANCING OF
FRONTLOADER REFUSE TRUCKS, FOUR (4) EACH, TO BE UTILIZED BY THE
PUBLIC SERVICES/REFUSE DEPARTMENT IN ACCORDANCE WITH BID
SPECIFICATION F-92-14.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNADINO A FOLLOWS:
SECTION 1. That Municipal Leasing Corporation is the lowest
and best responsible bidder for the furnishing and delivery of
financing of frontloader refuse trucks, four (4) each in
accordance with Bid Specification F-92-14 for the total amount of
five hundred twelve thousand, two hundred eighty-one dollars and
ten cents ($512,281.10) at 7.18% 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 Schedule to existing contract for said financing of
frontloader refuse trucks, four (4) each to said lowest and best
responsible bidder; such award shall only be effective upon the
issuance of a Financing Schedule by the Purchasing Agent; and all
other quotations therefor are hereby rejected.
SECTION 2. The authorization to execute the above
referenced Financing Schedule is rescinded if the parties to the
agreement fail to execute it within sixty (60) days of the passage
of this resolution.
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02-04-92 -1-
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92-63
1 RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A FINANCING
SCHEDULE TO MUNICIPAL LEASEING CORPORATION FOR THE FINANCING OF
2 FRONTLOADER REFUSE TRUCKS, FOUR (4) EACH TO BE UTILIZED BY THE
PUBLIC SERVICES/REFUSE DEPARTMENT IN ACCORDANCE WITH BID
3 SPECIFICATION F-92-14.
4 I HEREBY CERTIFY that the foregoing resolution was duly
5 adopted by the Mayor and Common Council of the city of San
Bernardino at a regular meeting thereof, held on the
The foregoing resolution is hereby approved this
day of February , 199~.
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17th
day of
February
the following vote, to wit:
Council Members:
AYES
x
ESTRADA
REILLY x
HERNANDEZ x
MAUDSLEY x
MINOR x
POPE-LUDLAM x
MILLER x
Approved as to form
23 and legal content:
24
James F. Penman,
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02-04-92
199-=--, by
NAYS
ABSTAIN
ABSENT
city Clerk
Ie; /Jv
'Holco b I Mayor
of San Bernardino
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