Laserfiche WebLink
CITY OF COLTON <br />AGENDA REPORT <br />FOR COUNCIL MEETING OF OCTOBER 7, 1997 <br />TO: HONORABLE MAYOR & CITY COUNCIL <br />APPROVAL: LEN WOOD, INTERIM CITY MANAGER e"o <br />FROM: ANNA A. VEGA, FINANCE DIRECTOR _,_.� <br />SUBJECT: AWARD A CONTRACT FOR TWO STREET SWEEPERS TO CARDE PACIFIC CORP. IN THE <br />AMOUNT OF $276,885.18 AND APPROVE THE ATTACHED RESOLUTION FOR A FIVE-YEAR <br />LEASE PURCHASE CONTRACT TO MUNICIPAL SERVICES GROUP, INC. FOR THE ANNUAL <br />AMOUNT OF $61,139.82 <br />DATE: September 22, 1997 <br />BACKGROUND <br />The City Council approved the lease purchase of two street sweepers in the FY 97-98 budget. These sweepers will <br />replace a 1988 Mobil and a 1988 Tymco Sweeper. <br />DISCUSSION/ANALYSIS <br />Recently the University of California, Davis, Medical Center (UCD) went to bid for a street sweeper and awarded a <br />contract to Johnston's Northern California Distributor, Western Traction Company. The City can piggyback onto the bid <br />price paid by UCD through Johnston's Southern California Distributor, Carde Pacific Corp. <br />The City Council approved these sweepers in the budget as a lease purchase. Staff has solicited financing information <br />for annual payments for a five-year lease, from two lenders. The two proposals are as follows: <br />Municipal Services Group, Inc. <br />Associates Commercial Corp. <br />Annual <br />Interest <br />Payment <br />Rate <br />$61,139.82 <br />5.210% <br />$61,999.85 <br />5.999% <br />ALTERNATIVES <br />The City could solicit bids and possibly pay a higher price and/or pay for the street sweepers without financing. <br />FINANCIAL IMPACT <br />The City Council approved a budget for $62,500 for the lease purchase of two street sweepers. The funds are available <br />in the Storm Water account number 722-8200-8215-2420. <br />ENVIRONMENTAL IMPACT <br />None <br />RECOMMENDATION <br />Staff recommends Council award a contract for the purchase of two street sweepers to Carde Pacific Corp. in the amount <br />of $276,885.18; and, approve the attached Resolution for a five-year lease purchase contract to Municipal Services <br />Group, Inc. for the annual amount of $61,139.82. <br />Report prepared by Mary J. Milroy, Purchasing Coordinator <br />Attachments: Resolution No. <br />Page 1 of 1 <br />Item # 7 <br />