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CITY OF COLTON "e G <br />AGENDA REPORT <br />For Council Meeting of�July <br />i TO: Honorable Mayor and City Council <br />I <br />FROM: Leslie A. Keane, City Manager <br />SUBJECT: Waiver of Bid Security on Formal Bids for <br />all Light Vehicles to be Purchased in Date July 10, 1989 <br />i Fiscal Year 1989/90 <br />We have found that vehicle dealers will not submit <br />our light vehicles if we require the standard 10,% Bid <br />s on <br />Security to be posted. Light vehicles <br />nsidered <br />all vehicles up to one and one-half ton. <br />To <br />encouragete be <br />more dealers to bid on our vehices, we have been wa'; <br />the'Bid Security requirement ' on a i.ving <br />approval of the City Council <br />RECOMMENDATION: Staff recommends that the .Bid Securit <br />waived on all light vehicle bids. y be <br />Report prepared by K.L. Peterson, General Services Manager <br />l6 ni !'l j► <br />Att L. <br />ac ments: None no <br />CENTRAL RE-CQR <br />Page IL 0#�_ � e <br />Item No. <br />i <br />