HomeMy WebLinkAboutR03-Economic Development Agency
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ECONOMIC DEVELOPMENT AGE NCY
OF TIlE CITY OF SAN BERNARDINO
REOUEST FOR COMMISSION/COUNCIL ACTION
FROM: TIMOTHY C. STEINHAUS
Agency Administrator
SUBJECT: LEASE OF AGENCY
VEillCLE
DATE: November 16, 1994
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SvnoDsis of Previous Commission/Council/Committee Action(s):
On July 20, 1994, 1he Community Development Commission approved 1he 1994/95 FY budget.
On November 10, 1994, 1he Redevelopment Committee recommended approval.
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Recommended Motion(s):
(Communitv DeveloDment Commission)
MOTION: That 1he Community Development Commission au1horize staff to lease a 1995 Ford Crown Victoria and
execute a lease agreemeent for same from Fairview Ford for an amount not-to-exceed $415.00 per mon1h
for thirty-six (36) mon1hs, to include approximately $1300.00 drive-off expenses. Funds are currently
available in 1he Agency budget.
T . C. STEIN1IAUS
Agency Administer
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Contact Person(s): Barbara 1. LindselhlGarv Clermont
Phone:
5081
Project Area(s):
Ward(s):
N/A
N/A
Supporting Data Attached: Staff Report:
FUNDING REQUIREMENTS: Amount: $4200.00
Tax Increment
Source:
Budget Au1hority:
1994/1995 Bud..t
Commission/Council Notes:
TCS:lag: 11-21-02.OOc
COMMISSION MEETING AGENDA
MEETING DATE: 11I2111994
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Agenda Item Number: -.:.j
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DEVELOPMENT DEPARTMENT
ECONOMIC DEVELOPMENT AGENCY
STAFF REPORT
Authorization to Lease 1994 Oldsmobile
The Agency FY1994/95 Budget has authorization to lease a 1994 Oldsmobile from Holiday
Oldsmobile on a forty-eight (48) month lease at $350.00 a month estimated. Since the 1995
model year cars are available, staff made inquiries into various manufactured 1995 model sedans.
After receiving lease terms on similar model cars from Holiday Oldsmobile, Paul Reed Buick,
Center Chevrolet and FairviewFord, it was determip.ed that Fairview Ford has the best lease
terms available and that a thirty-six (36) month lease would be better than a forty-eight (48)
month lease.
Request authority to lease a 1995 Ford Crown Victoria from Fairview Ford in an amount not-to-
exceed $415.00 per month for thirty-six (36) months and to execute a lease agreement to include
approximately $1300.00 drive-offupfront expenses. A specific car has not been selected, so
actual expenses and the montWy lease amounts is not exact.
Monthly lease comparisons for similar model cars:
I.
2.
3.
4.
Holiday Oldsmobile
Paul Reed Buick
Center Chevrolet
Fairview Ford
$453.48
$460.99
$441.24
$409.54
Based upo~)he foregoing, staff recommends adoption of the form motion.
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TIMO . S INHAUS, Administrator
Economic Development Agency
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COMMISSION MEETING AGENDA
MEETING DATE: 11121/1994
Agenda Item Number: :S