HomeMy WebLinkAbout09- Purchashing CITY OF SAN BERNP gDINO - REQUEST Fr I COUNCIL -ACTION
From: Dean R. Meech, Purchasing Agent Subject: Change of Interest With Associated
Commercial Corporation from 5.04% to
Dept: Purchasing 5.79%
Date: August 18, 1994 Bid F-94-06
Synopsis of Previous Council action:
Resolution 94-205 approved the purchase of six automated side loading refuse trucks.
recommended motion:
Adopt Resolution
Dean R. Meech
�Signat re
;ontact person: Dean R. Meech, Purchasing Agent Phone: 384-5085
supporting data attached: Yes Ward: N/A
-UNDING REQUIREMENTS: Amount: $782,297.00
Source: (Acct. No.) 127-412-56102
Acct. Description) Refuse Fund
Finance• 2014; G` -
:ouncil Notes:
5-0262 Agenda Item No
CITY OF SAN BERNAPOINO - REQUEST F01 COUNCIL ACTION
STAFF REPORT
F-94-06
The Common Council approved the purchase of six automated side
loading refuse trucks. It was also approved to lease purchase the
vehicles from Associated Commercial Corporation who quoted the
lowest interest rate.
The City had never used Associated Commercial Corporation for lease
purchases therefore a Master Lease Agreement had to be set up.
Setting up a new Master Lease Agreement takes considerably more
time than it does to just add a schedule for new equipment against
I a Master Lease Agreement that is already in place. The interest
rate quoted by Associated Commercial Corporation was attractive
enough to pursue getting a new Master Lease Agreement and a
I Schedule "A" for the refuse trucks in place prior to the interest
rates changing.
We did get the new Associated Commercial Corporation Master Lease
Agreement and all schedules approved and ready but the interest
rates have changed slightly. Currently Associated Commercial
Corporation is offering a rate of 5.79% which is . 75% higher than
the original quoted rate. However the 5. 79% rate is the lowest
rate we can get today. The next best rate today is 5. 92%.
It is requested that Council approve a new resolution for Schedule
"A" at 5.79% interest with Associated Commercial Corporation.
I
Dean R. Meech,
Purchasing Agent
0264
1 RESOLUTION NO.
2 RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A SCHEDULE
A ADDENDUM TO LEASE PURCHASE AGREEMENT OF ASSOCIATES COMMERCIAL
3 CORPORATION, FOR THE FINANCING OF SIX (6) EACH, AUTOMATED SIDE
LOADING REFUSE TRUCKS, TO BE UTILIZED BY THE PUBLIC
4 SERVICES/REFUSE DEPARTMENT IN ACCORDANCE WITH BID SPECIFICATION F-
94-06 .
5
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
6 SAN BERNARDINO A FOLLOWS:
7 SECTION 1. That Associates Commercial Corporation is the
8 lowest and best responsible bidder for the financing of six (6)
9 each, automated side loading refuse trucks in accordance with Bid
i 10 Specification F-94-06 for the total amount of $782 , 297 . 00 at 5. 79%
11 interest payable six (6) months in arrears over five (5) years;
12 Pursuant to this determination, the Purchasing Agent is hereby
13 authorized and directed to issue Schedule A addendum to Lease
14 Purchase Agreement of Associated Commercial Corporation for said
15 financing of six (6) each, automated side loading refuse trucks to
16 said lowest and best responsible bidder; such award shall only be
17 effective upon the issuance of a Schedule A Addendum to the Lease
18 Purchase Agreement by the Purchasing Agent; and all other
19 quotations therefor are hereby rejected.
20 SECTION 2. The authorization to execute the above
21 referenced Schedule A Addendum to Master Lease Purchase Contract
22 of Associates Commercial Corporation is rescinded if it is not
23 issued within sixty (60) days of the passage of this resolution.
24
25
26
07-11-94
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1 RESOLUTION OF THE CITY OF SAN BERNARDINO AWARDING A SCHEDULE A
ADDENDUM TO LEASE PURCHASE AGREEMENT OF ASSOCIATES COMMERCIAL
2 CORPORATION, FOR THE FINANCING OF SIX (6) EACH, AUTOMATED SIDE
LOADING REFUSE TRUCKS, TO BE UTILIZED BY THE PUBLIC
3 SERVICES/REFUSE DEPARTMENT IN ACCORDANCE WITH BID SPECIFICATION F-
94-06.
4
I HEREBY CERTIFY that the foregoing resolution was duly
5
adopted by the Mayor and Common Council of the City of San
6
Bernardino at a meeting thereof, held on the
7
day of 199 by
8
the following vote, to wit:
9
Council Members: AYES NAYS ABSTAIN ABSENT
10
NEGRETE
11
CURLIN
12
HERNANDEZ
13
OBERHELMAN
14
DEVLIN
15
POPE-LUDLAM
16
MILLER
17
18 City Clerk
19 The foregoing resolution is hereby approved this
day of , 199
20
21
22 Tom Minor, Mayor
City of San Bernardino
23
Approved as to form
24 and legal content:
25 James F. Penman,
City Attorney
26
By:
27
07-11-94 -2-
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