2002 AGN JUN 18 I20 - Laserfiche WebLink

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CITY OF COLTON Item #20 AGENDA REPORT For the City Council Meeting of June 18, 2002 TO: Honorable Mayor and Council Members FROM: Dilu DeAlwis, Finance Director SUBJECT: Award of Bid for Five -Year Lease/Purchase of Two (2) Street Sweepers to Haaker Equipment Company in the Annual Amount of $49,333.79 DATE: June 10, 2002 The City Council approved the lease of two new street sweepers for the Storm Water Division in the FY 01/02 and FY 02/03 budgets. The new units will be used to replace two sweepers that were purchased in 1988. On April 11, 2002, the Utilities Department posted a Notice Inviting Bids for a Five -Year Lease/Purchase of Two New Street Sweepers pursuant to a lease -leaseback arrangement. Bid opening was held in the Corporate Yard Conference Room on May 7, 2002, at 3:30 P.M. Three bids were received and evaluated. All three bids meet the required specifications. A Bid Analysis is attached showing the unit price, delivery, interest rate, and annual lease payment quoted by each vendor. The recommended vendor's price is underlined. ALTERNATIVES: None. FISCAL IMPACT: Funds in the amount of $61,927.00 per year are budgeted and available in FY 01/02 and in FY 02/03 account numbers 722-8200-8215-2500 and 722-8200-8215-2510. None RECOMMENDATION: Staff recommends award of bid to Haaker Equipment Company for the five-year lease/purchase of two new street sweepers and to execute the lease agreement with Federal Signal Leasing in the annual amount of $49,333.79. Report prepared by Rebecca Gallegos, Buyer Attachment: (2) Bid Analysis Lease Agreement REVIEW TEAMONLY City Attorney: /n 11. / Finance Director: X City Manager: � / &J— OTHER: Page 1 of 1 (w/attachment)