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HomeMy WebLinkAboutS3- Finance FY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION From: BARBARA PACHON, Subject: EXECUTION OF LEASE/PURCHASE DIRECTOR OF FINANCE AGREEMENT TO FINANCE FIFTEEN NEW POLICE VEHICLES. Dept: FINANCE Date: MARCH 27, 1996 Synopsis of Previous Council action: Recommended motion: ADOPT RESOLUTION. Signature Contact person: BARBARA PACHON DIRECTOR OF FINANCE Phone: x - 5242 Supporting data attached: STAFF REPORT, LEASE SCHEDULE "A" Ward: FUNDING REQUIREMENTS: Amount: $330,833.69 Source: (Acct No.) 001-213-5803 (Acct Description) Finance: dL xn, Council Notes: THE FY 96197 BUDGET FOR THE POLICE DEPARTMENT WILL INCLUDE THE FIRST TWO PAYMENTS FOR A TOTAL COST OF $165,416.84 FOR THIS LEASE/PURCHASE OF FIFTEEN POLICE VEHICLES. u BsTi7vr� � Agenda Item No. ' r CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION STAFF REPORT BACKGROUND The City of San Bernardino orders Police patrol vehicles once a year. Prior to this fiscal year, patrol vehicles were ordered in spring of the current fiscal year for delivery after July 1 of the following fiscal year. Manufacturers of police vehicles restrict the ordering period so production of regular vehicles can be halted for a limited period of time and production of police units can occur. If orders are not placed within the allotted time frame, police cars cannot be ordered again until the following year. This year's only manufacturer of police vehicles, Ford, set a cutoff date almost four months earlier than in prior years, November 15. Due to staff changes in the Fleet Division and the manufacturer's change in ordering dates this year, the deadline to order police vehicles direct from the manufacturer was missed. Although the City missed the opportunity to order direct from the manufacturer, the new Fleet Manager advised the Purchasing Division that surplus white cars could be obtained from Wondries Fleet Group through the use of a cooperative purchasing agreement with the County of Los Angeles. Based on his experience with a previous city, the Fleet Manager suggested the Police Department purchase white cars for use by non-patrol staff for one year and then place them into patrol service for three additional years. This plan will extend the life of patrol units by one year and reduce the frequency of vehicle replacement. The Fleet Manager also advised staff that patrol units are routinely placed out of service when their mileage limit is reached or if they are damaged. For this reason, some police patrol units need to be on hand throughout the year. Additionally, Fleet needs time to equip new units before they are ready to be placed into service. If the Police Department were to decide not to order police vehicles from Wondries' surplus, the Police Department could run the risk of running out of patrol vehicles before the next opportunity for delivery, spring of 1997 . Taking this into consideration, an order was placed with Wondries Fleet Group for fifteen of the surplus vehicles on their lot. Because Wondries Fleet Group had the vehicles in stock, delivery of the FY 96/97 patrol vehicles occurred immediately. FISCAL IMPACT Due to the early delivery of the FY 96/97 patrol vehicles, staff has obtained bids on lease/purchase agreements to finance the $310,772 . 55 cost of the fifteen new police vehicles. Purchasing has determined Ford Motor Credit Co. to be the lowest, most responsive bidder. The lease will run for two years at 5. 10% interest rate with semi-annual payments of $82 , 708 . 42 . The first payment is due on October 3 , 1996 . A copy of the lease schedule is r attached. The schedule is an addendum to a Master Lease Purchase Agreement, Number 33915, dated July 27, 1992 between Ford Motor Credit Company and the City of San Bernardino. (PAGE 1 OF 2) (PAGE 2 OF 2) At this time, it is anticipated that the Police Department will not be purchasing vehicles again until FY 97/98. RECOMMENDATION Staff recommends approval of the attached resolution authorizing the execution of a lease/purchase agreement with Ford Motor Credit Co. to finance fifteen new police vehicles. A/ ' /V--) Wayne Harp, Assistant Police Chief P John urphy, Purchas g Ma ger Jim indlay, Acting Fleet Manager