MEMORANDUM
TO: Mayor Lawrence
and Members of the Town Council
FROM: Scott E. Hildebran, Town Manager
SUBJECT: #1) Bids – FY 2008-09 Capital Equipment
#2) Financing Proposals –
Capital Equipment
DATE: September 9, 2008
______________________________________________________________________
1) BIDS – FY 2008-09 CAPITAL EQUIPMENT
Police Vehicles/Camera
Police Chief
(2) 2009 Police
Sedans/Cameras
Abernathy Chrysler Jeep Dodge $62,262.00
We recommend that the bid be awarded to low bidder Bobby Jones Ford for $54,570.02, excluding tax, title and tags. Both vehicles are available in 4-6 weeks.
Also, Bobby Jones Ford will accept market value trade-in the one (1) police vehicle that is scheduled to be retired, which will further reduce costs.
Public Works Equipment
Public Works Director Johnny Lentz has received bids for the following capital equipment, which was included in the 2008-2009 fiscal year budget. The bids are as follows:
(1) 2009 4X4 Extended Cab
Truck
- Crossroads Ford Ford Ranger Ext. Cab 4X4 $18,598.00
- Bobby Jones Ford Ford Ranger Ext. Cab 4X4 $18,626.40
- Abernathy Dodge Dodge Dakota 4X4 $19,219.70
-
Abernathy Chevrolet Chevrolet
-
-
We recommend that the bid be
awarded to low bidder Crossroads Ford for $18,598.00, excluding tax, title and
tags.
(1) 2009 4X4 Extended Cab
Utility Truck
- Crossroads Ford Ford XL $37,131.00
- Abernathy Chevrolet Chevrolet $40,118.89
- Bobby Jones Ford Ford XL $40,119.04
- Crossroads Ford Ford XLT $41,140.00
- Bobby Jones Ford Ford XLT $42,301.40
We recommend that the bid be
awarded to low bidder Crossroads Ford for $37,131.00, excluding tax, title and
tags.
(1) 16-yard Refuse Truck
- Nu Life Environmental F750 Ford & Winch $98,600.00 (camera/monitor)
- Whites International International & Winch $104,593.00 (no camera)
- Carolina Environmental Sterling & Winch $106,200.00 (no camera)
- Cavalier Equipment Co. Sterling & Winch $112,866.00 (no camera)
We recommend that the bid be
awarded to low bidder Nu Life Environmental for $98,600.00, excluding tax,
title and tags.
2) FINANCING
PROPOSALS – CAPITAL EQUIPMENT
Refuse Truck - 5 Year not to
exceed $100,000
The Town of
The quotes are as follows:
|
Bank |
|
Fees |
|
Rate |
|
RBC Bank |
|
$0.00 |
|
3.49% |
|
First
Citizens Bank |
|
$300.00 |
|
3.93% |
|
High
Country Bank |
|
$250.00 |
|
4.04% |
|
United
Community Bank |
|
$0.00 |
|
4.84% |
|
SunTrust |
|
No Response |
||
|
Bank of |
|
No Response |
||
|
Wachovia
Bank |
|
No Response |
||
|
BB&T |
|
Received Late |
||
We
recommend that the financing for the lease-purchase equipment be awarded to low
bidder – RBC Bank. A financing proposal authorizing
the lease purchase is attached for your consideration.
The loan amount will be for up to $100,000 for a term of 5 years. A first payment of $21,518.29 (included in the approved FY 2008-09 Budget) will be due on December 14, 2008.
Other Equipment - 3 Year not
to exceed $120,000
The Town of Blowing Rock has received financing proposals from area banks to finance the acquisition of (2) police sedans, a pick-up and a utility truck approved in the FY 2008-09 Budget.
The quotes are as follows:
|
Bank |
|
Fees |
|
Rate |
|
RBC Bank |
|
$0.00 |
|
3.26% |
|
First
Citizens Bank |
|
$300.00 |
|
3.65% |
|
High
Country Bank |
|
$300.00 |
|
3.70% |
|
United
Community Bank |
|
$0.00 |
|
4.67% |
|
SunTrust |
|
No Response |
||
|
Bank of |
|
No Response |
||
|
Wachovia
Bank |
|
No Response |
||
|
BB&T |
|
Received Late |
||
We
recommend that the financing for the lease-purchase equipment be awarded to low
bidder – RBC Bank. A financing proposal
authorizing the lease purchase is attached for your consideration.
The loan amount will be for up to $120,000 for a term of 3 years. A first payment of $41,625.42 (included in the approved FY 2008-09 Budget) will be due on January 14, 2009.