Item III (D) Approval and Authorization to Purchase Pot Hole Patching Truck Agenda��np7-7-98
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" MAYbR ICO M1SSIONER
S.SCOTT VANDERGRIFT
Ocoee COMMISSIONERS
o� CITY OF OCOEE DANNY HOWELL
'" SCOTT ANDERSON
61.
-64,a 150 N.LAKESHORE DRIVE SCOTT A.GLASS
0 OCOEE,FLORIDA 34761-2258 NANCY J.PARKER
v (407)656-2322
4* CITY MANAGER
Of GOOD ` ELLIS SHAPIRO
M EMQ UW1
TO: The Honorable Mayor and City Commissioners
FROM: Joyce Meridith, Buyer 9-yr)
DATE: June 29, 1998
RE: Purchase and Financing of Pot Hole Patching Truck
The budget for FY 97/98 included the lease-purchase of a Pot Hole Patching Truck. The City of
North Miami bid the unit in January, 1998 with an automatic transmission. However, the
automatic transmission is not available at this time. In lieu of the automatic transmission, Public
Works is recommending purchasing the model with the manual transmission at a reduced cost.
After review of the proposal from Atlantic Ford Truck Sales by the Public Works and Finance
Departments, staff recommends piggybacking on the City of North Miami Bid #20-97-98, per
the attached memo from Bob Smith, Public Works Director.
Staff contacted Commercial & Municipal Capital, SunTrust Bank, and Ford Motor Credit
Company for financing.
A) Commercial& Municipal Capital- interest rate 5.85% (4)year term.
B) SunTrust Bank- interest rate 5.73% (4)year term.
C) Ford Motor Credit Company -interest rate 5.35% (4)year term.
RECOMMENDATION
It respectfully is recommended that the City Commission approve piggybacking on the City of
North Miami Bid #20-97-98 for the purchase of the Pot Hole Patching Truck and approve the
Lease Purchase Agreement between the City and Ford Motor Credit Company and authorize
execution thereof by the Mayor and City Clerk and further authorize the Mayor and City Clerk
to execute all documents necessary to consummate the transaction contemplated by the
Agreement.
(b( p„'
•
.K;# Q o
c� euco�`�`�' ROBERT SMITH
PUBLIC WORKS DIRECTOR
370 ENTERPRISE ST.•OCOEE,FLORIDA 34761
PHONE(407)877-8420•FAX(407)877-0392
10\ :ccC
I , 1 ��
MEMORANDUM ! 6 .6•
4 4
r
4#0.ed0
TO: Wanda Horton, Finance Director
FROM: Bob Smith, Public Works Director ,
DATE; June 22, 1998
RE: Purchase of Pot Hole Patching Truck
We have reviewed the North Miami bid for their purchase of a pot hole patching
truck and find this unit is precisely what we want, with the exception that we want
a manual transmission in lieu of automatic. The manual transmission is cheaper
by approximately $1,500 and the automatic transmission is not available at this
time.
It is my recommendation that we request approval from the City Commission, at
their July 7, 1998 meeting, to lease/purchase the pot hole patching truck by
piggy backing on the North Miami bid.
BS:jh
THE PRIDE OF WEST ORANGE