HomeMy WebLinkAboutResolutions - No. 96-187RESOLUTION NO. 96-187
A RESOLUTION OF THE LODI CITY COUNCIL
AWARDING THE BID AND APPROVING FINANCING FOR TWO 1750 GPM
CLASS A CUSTOM FIRE APPARATUS
WHEREAS, in answer to notice duly published in accordance with law and the
order of this City Council sealed bids were received and publicly opened on August 30,
1996 at 11:00 a.m. for two 1750 GPM Clas-s A Custom Fire Apparatus described in the
specifications therefore approved by the City Council on July 17, 1996; and
WHEREAS, said bids have been compared, checked, and tabulated and a report
thereof filed with the City Manager as follows:
1750 GPM CLASS A CUSTOM FIRE APPARATUS
Bidder Bid
(Per Each Engine)
High Tech Fire Trucks, Oakdale $253,551.93
Golden State Fire Apparatus, Modesto $266,939.00
WestMark Fire Apparatus, Ceres $274,966.00
FINANCING PROPOSAL
Company Term Annual Total Annual
Rate Payments Payment
Transocean Funding 5 yr.
3.76%
$565,663.45
$113,132.69
7 yr.
4.18%
$595,31.0.80
$ 85,044.40
10 yr.
4.53%
$641,869.30
$ 64,186.93
1st Municipal Leasing 5 yr.
3.806%
$566,559.15
$113,311.83
7 yr.
4.191%
$595,745.08
$ 85,106.44
10 yr.
No Proposal Submitted
ABN AMRO 5 yr.
4.11%
$571,307.50
$114,261.50
7 yr.
4.41%
$600,411.35
$ 85,773.05
10 yr.
4.67%
$646,239.70
$ 64,623.97
WHEREAS, the City Manager recommends award of the Bid for two 1750 GPM
Class A Custom Fire Apparatus, be made to the low bidder, High Tech Fire Trucks Inc., of
Oakdale, CA and further recommends approval of the lease purchase proposal from
Transocean Funding of Burlingame, CA for the 7 year term; and
NOW, THEREFORE, BE IT RESOLVED by the Lodi City Council that the award of
the bid for two 1750 GPM Class A Custom Fire Apparatus, be and the same is hereby
awarded to High Tech Fire Trucks Inc.. of Oakdale, CA, the low bidder, in the amount of
$253.551.93 per engine; and
BE IT FURTHER RESOLVED that the Lodi City Council hereby approves the
lease purchase proposal from Transocean Funding of Burlingame, CA for the 7 year term,
with an annual payment of $85,044.40 for both engines.
Dated: December 18, 1996
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I hereby certify that Resolution No. 96-187 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held December 18, 1996 by the following
vote: -
AYES: COUNCIL MEMBERS - Land, Mann, Sieglock, Warner and
Pennino (Mayor)
NOES: COUNCIL MEMBERS - None
ABSENT: COUNCIL MEMBERS - None
ABSTAIN: COUNCIL MEMBERS - None
NIFER . PERRIN
City Clerk
96-187
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